The company's standalone operating income grew by healthy 36% to Rs 214.23 crore in Dec 09 quarter. Impressive growth in operating profit margin (OPM) by 850 bps to 10.5%, the operating profit was lifted by whopping 625% to Rs 22.46 crore. In terms of cost, as % to sales net stock adjusted, the raw material cost crashed by 120 bps to 33%. Also the other expenditure slipped by 110bps to 22% while the staff cost crashed by 1400 bps to 20%. Only cost of traded goods increased by 10 bps to 2%.

The company reported PBT of Rs 4.68 crore against LBT of Rs 14.31 crore largely due to crash in interest cost. The interest cost reduced by 15% to Rs 6.52 crore. However flat growth in other income by 2% to Rs 2.53 crore and increase in depreciation cost by 13% to Rs 13.79 crore limited the profit levels. On accounting high tax provision, the PAT before PPA stood at Rs 0.26 crore against LBT of Rs 14.75 crore. Unfortunately due to PPA of Rs 3.51 crore (against none in Dec 08 quarter), the company reported net loss of Rs 3.25 crore, though down by whopping 78%.

The company's standalone operating income grew by 11% to Rs 780.92 crore in CY 2009. Increase in OPM by 620 bps to 15.0% boosted the operating profit by whopping 88% to Rs 116.98 crore. The other income reduced by 18% to Rs 7.74 crore while the interest cost reduced by 32% to Rs 20.31 crore. The depreciation cost grew by marginal 7% to Rs 49.49 crore. Thus it reported PBT of Rs 54.91 crore in CY 2009 against LBT of Rs 4.74 crore in CY 08. On account of high tax provision, the PAT before PPA stood at Rs 50.33 crore against the LAT before PPA at Rs 6.46 crore in CY 2008. On accounting PPA, the company's standalone net profit stood at Rs 46.10 crore against net loss of Rs 6.89 crore in CY 2008.

On consolidated basis, the operating income grew by 12% to Rs 802.49 crore for calendar year 2009. With 630 bps increase in OPM to 18.6%, the operating profit was boosted by impressive 69% to Rs 149.20 crore.

The PBT spurted by outstanding 763% to Rs 76.34 crore largely due to decline in interest cost and flat depreciation cos. The interest cost crashed by 33% to Rs 21.81 crore while the depreciation cost grew by marginal 7% to Rs 53.89 crore. However only other income played spoil sport with 25% downfall to Rs 2.84 crore. Further with 5500 bps crash in effective tax rate, the PAT stood at Rs 64.80 crore in CY 2009 against Rs 2.62 crore in CY 2008. On accounting EO expense, minority interest and associate profit share, the company settled with consolidated net profit of Rs 54.52 crore in CY 2009 against net loss of Rs 1.71 crore in CY 2008.

The promoters' share in the total shareholding stood unchanged at 74.98% in Dec 09 quarter. The promoters' have pledged nil shares of the company.

Currently the scrip is trading at Rs 145.60 on BSE.