Other income decreased 22% to Rs 3.2 crore compared to Rs 4.1 crore. Interest cost was down 37% to Rs 8.4 crore. Depreciation inched up 1% to Rs 58.8 crore. PBT was up 4% to Rs 94.5 crore. 

Tax expense during the quarter was down 24% to 22 crore. PAT reported was up 17% to Rs 72.5 crore. Further considering share of profit or loss of JV and associates and minority interest net profit rose 18% to Rs 70.9 crore. 

For the quarter, sales from the Amesa geography stood at Rs 236.2 crore, down by 6% YoY and accounted for 30% of the total sales. PBIT from the same stood at Rs 31.5 crore down by 15% YoY and accounted for 32% of total PBIT with PBIT margins at 13.3% compared to 14.7% in Q3FY20 

For the quarter, sales from the EAP geography stood at Rs 204.3 crore, up by 17% YoY and accounted for 17% of total sales and PBIT from the same stood at Rs 38.5 crore up by 18% YoY and accounted for 39% of total PBIT with PBIT margin at 18.8% same as in Q3FY20  

For the quarter, sales from the America geography stood at Rs 173.5 crore up 19% YoY and accounted for 22% of total sales while PBIT from the same stood at Rs 20.1 crore down by 7% YoY and accounted for 20% of total PBIT. PBIT margin stood at 11.6% compared to 14.8% in Q3FY20 

For the quarter, sales from the EU geography stood at Rs 176.8 crore up by 9% YoY and accounted for 22% of total sales while PBIT stood at Rs 9.9 crore up by 10% with PBIT margin at 5.6% compared to 6% in Q3FY20

Performance for nine months ended Dec20  

For nine months ended Dec20, consolidated net sales rose 10% to Rs 2278.9 crore. OPM was higher by 50 bps to 20.7% thus resulting in a 12% increase in OP to Rs 471.3 crore. Other income was down 9% to Rs 11.5 crore. Interest cost stood at Rs 34.3 crore down by 19% and depreciation stood at Rs 174.5 crore up by 1% thus resulting in a PBT before EO of Rs 274 crore up by 27%.  

There was net EO expense of Rs 16.1 crore includes gain of Rs.10.9 crore on sale of land and building of one of the factories and loss of Rs. 20.3 crore representing write off of credit impaired loan as compared to EO expense of Rs 9.4 crore (Rs.10.91 crore gain on sale of Land and Building of one of its factory and Rs. 20.30 crore being impairment provision made towards loan given (including interest) on the basis of impairment assessment carried out by the management). Thus PBT after EO stood at Rs 257.9 crore up by 24%. After tax expense of Rs 73.8 crore up by 34%, PAT stood at Rs 184.1 crore up by 21%. Further considering share of profit or loss of JV and associates and minority interest net profit rose 5% to Rs 182.3 crore. 

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