For the quarter ended March 2013, Vinati Organics reported 20% increase in sales to Rs 165.74 crore as against Rs 137.76 crore in the quarter ended March 2012. The operating profit margins of the company fell 340 bps to 22.6% limiting operating profits growth at 4% to 37.46 crore.

Cost of raw material consumed as a percentage to adjusted net sales rose 100 bps to 60.4% from 59.4% in corresponding previous quarter. Staff cost as a percentage to net sales rose 20 bps to 3.4% and other expenses fell 10 bps to 12.3%.

Other income fell 4% to Rs 1 crore leading a 4% growth in the PBIDT to Rs 38.46 crore. Interest costs fell 51% to Rs 2.21 crore while depreciation rose 45% at Rs 2.71 crore. The resultant PBT increased 10% to Rs 33.54 crore. The effective rate increased to 36% from 33.7% resulting 6% rise in PAT at Rs 21.47 crore.

For year ended March 2013 Vinati Organics reported 24% rise in its net sales to Rs 552.92 crore compared to corresponding previous year period. The operating profit margins rose by 60 bps to 21.8% resulting 27% increase in operating profit to Rs 120.33 crore. Other income was 33% higher at Rs 3.76 crore. Interest costs increased 26% to Rs 11.54 crore and depreciation rose 41% at Rs 9.95 crore. As a result PBT rose 26% to Rs 102.61 crore. The effective rate of tax increased to 33.1% compared to 32.8% in the corresponding previous year resulting into 25% increase in PAT to Rs 68.66 crore.

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