Half yearlyperformance

Consolidated sales was lower by 42% to Rs 241.31 crore. With OPM contract by 470 bps to 13.8% the operating profit was down by 56% to Rs 33.31 crore. After accounting for higher OI, lower interest and higher depreciation, it was a loss of Rs 0.81 crore at PBTlevel compared to a profit of Rs 33.92 crore in the corresponding previous period. The EO item was nil for the period compared to an income of Rs 0.21 crore in corresponding previous period. Thus the loss at PBT after EO was Rs 0.81 crore compared to a profit of Rs 34.14 crore in the corresponding previous period. With taxation down by 73% to Rs 1.75 crore, the loss at PAT was Rs 2.56 crore compared to a profit of Rs 27.55 crore in the corresponding previous period.