On the other hand on deducting the consolidated figures for the quarter with standalone figures the ARR Infrastrucutre, a wholly owned subsidiary and special purpose vehicle for the operational BOT road project of the company i.e. Seoni-Balaghat-Rajegaon road project has registered a revenue growth of 25% to Rs 2.48 crore and a net profit of Rs 93 lakh, a rise of 55%. Strong growth in revenue and profitability seems largely on account of annual toll revision as well as increase in traffic.

Standalone quarterly performance

Standalone quarterly performance was higher by 12% to Rs 120.49 crore. With operating margin expanded by 130 bps to 15.1%, the operating profit was higher by 22% to Rs 18.16 crore.

Expansion in operating margin was largely on account of change in revenue mix. The sales of traded products to the topline has been relatively lower compared to the corresponding previous period. Cost of traded goods as proportion to sales net of stocks was lower by 2980 bps to 0%. Other expenses was lower by 20 bps to 4.3%. With construction cost stand higher by 2730 bps (to 77.3%) and the staff cost by 150 bps (to 3.4%) the expansion in operating margin was moderated.

Other income was higher by 26% to Rs 0.24 crore. The interest cost was lower by 7% to Rs 5.94 crore. The depreciation cost was lower by 59% to Rs 1.62 crore. Spurred thus by relatively lower interest cost the PBT was higher by 41% to Rs 10.84 crore. Taxation being higher by 54% (to Rs 3.92 crore) the net profit was higher by 34% to Rs 6.92 crore.

Consolidated quarterly performance

Its consolidated revenue was higher by 12% to Rs 122.97 crore. Facilitated together by higher sales and expansion in operating margin (up 140 bps to 16.7%), the operating profit was higher by 22% to Rs 20.58 crore. Further gained by lower interest cost the net profit was eventually higher by 36% to Rs 7.85 crore.

Half yearly performance

The standalone sales was higher by 34% to Rs 343.46 crore. With OPM stand increased by 20 bps the operating profit was higher by 35% to Rs 49.04 crore. The other income was lower by 32% to Rs 0.25 crore. The interest cost was higher by 4% to Rs 15.01 crore. The depreciation was higher by 54% to Rs 3.07 crore and the PBT was higher by 55% to Rs 31.21 crore. The taxation was higher by 46% to Rs 9.55 crore. The PAT was higher by 60% to Rs 21.66 crore.

Consolidated sales for the half year was higher by 34% to Rs 348.41 crore and its net profit was higher by 64% to Rs 23.52 crore.

The stock hovers around Rs 212.20.