• Standalone sales of the company for the quarter was up by 27% to Rs103.07 crore. Higher sales together with 160 bps expansion in OPM to 17.5% has powered the operating profit up by 40% to Rs 18.07 crore. After accounting for lower OI, lower interest and lower depreciation, the PBT was up by 31% to Rs 25.32 crore. Eventually the PAT was up by 33% to Rs 19.02 crore with taxation stand higher by 26% to Rs 6.31 crore.
• On deducting standalone financials from consolidated financials, the sales of subsidiaries was up by 29% to Rs154.08 crore. But with OPM contract by sharp 410 bps to 4.2%, the operating profit was down by 35% to Rs 6.49 crore. The PBT was a loss of Rs 9.64 crore up from a loss of Rs 4.20 crore in the corresponding previous period.

Nine month performance

Consolidated sales was up by 3% to Rs641.61crore. But with OPM expand by 30 bps to 10.5%, theOP was up by 61% toRs67.49 crore. After accounting for higher OI, higher interest and lowerdepreciation, the PBT (before share of profit from associate & EO) was up by 13% to Rs36.48 crore. The PBT after share of profit from associate was up by 15% to Rs 38.93 crore with share of profit from associate stand higher by 50% to Rs2.45 crore. The EO income was Rs 27.20 crore (nil in 9mFY20) and thus the PBT after EO jumped up by 95% to Rs 66.13 crore. After higher taxation (up 79% to Rs 16.25 crore) the PAT more than doubled (up 101%) to Rs 49.88 crore. Eventually the net profit after MI was up by 49% to Rs 46.65 crore, with MI being share of profit of Rs 3.23 crore compared to a share of loss of Rs 6.50 crore in the corresponding previous period.