The consolidated topline grew by 16% to Rs 107.53 crore. Lower operating profit margin (OPM) by 70 bps limited the improvement in operating profit by 12% to Rs 17.09 crore. The profits were aided by lower depreciation cost and profit on sale of land and building.
Quarter Performance
The consolidated operating income grew by 16% to Rs 107.53 crore in June 2012 quarter. Fall in OPM by 70 bps to 15.9% led to limited 12% growth in operating profit to Rs 17.09 crore. Other expenditure, as % to sales net stock adjusted, grew by 120 bps to 8%. Also the staff cost rose by 130 bps to 13%. Only raw material cost crashed by 230 bps to 63%.
The PBT after EO surged by robust 56% to Rs 18.96 crore largely on booking a profit on sale of land and building (Rs 5.18 crore against none in June 2011 quarter) and partially due to lower depreciation cost. The depreciation cost fell by 4% to Rs 1.88 crore. The interest cost grew by 21% to Rs 2.20 crore while the other income rose by 23% to Rs 0.77 crore. The net profit settled with robust 55% growth to Rs 13.52 crore partially restricted by 30 bps hike in effective tax rate.
