Half yearly performance
Net sales has increased 38.28% to Rs 587.78 crore. Operating profit margin has jumped from 8.91% to 14.06%, leading to 118.13% rise in operating profit to Rs 82.65 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 82.76% to 79.28%. Employee cost decreased from 3.51% to 3.02%. Other expenses fell from 6.11% to 5.54%. Other income fell 43.56% to Rs 15.51 crore. PBIDT rose 50.16% to Rs 98.16 crore. Provision for interest up 37.50% to Rs 0.44 crore. PBDT rose 50.22% to Rs 97.72 crore. Provision for depreciation rose 22.93% to Rs 4.61 crore. Profit before tax grew 51.89% to Rs 93.11 crore. Provision for tax was expense of Rs 20.49 crore, compared to Rs 10.44 crore. Effective tax rate was 22.01% compared to 17.03%. Profit after tax rose 42.78% to Rs 72.62 crore.
Equity capital stood at Rs 10.12 crore as of 30 September 2022 to Rs 10.12 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 50.00% as of 30 September 2022 ,compared to 50.00% as of 30 September 2021 .