• Operating margin expanded by 350 bps to 43.6% hurt largely by higher staff cost and other expenses. While the cost of sales was lower by 730 bps to 50.7%, the staff cost and other expenses were lower by 50 bps and 330 bps respectively limiting the OPM expansion. Thus facilitated by both higher sales and margin expansion the operating profit was up by 23% to Rs 335.18 crore.
• Other income was higher by 884% to Rs 7.38 crore. Interest cost for the quarter was Rs 231.48 crore compared to mere Rs 9.79 crore in the corresponding previous period. Higher interest cost is due to charge of interest cost to P&L account on commissioning of the Yamuna Expressway on Aug 7, 2012. The depreciation was higher at Rs 8.58 crore compared to Rs 0.58 crore in corresponding previous period. Hit thus largely by higher interest cost the fall at PBT was sharp 61% to Rs 102.50 crore.
• Taxation for the quarter was lower by 59% to Rs 21.49 crore, but the tax incidence was higher by 100 bps to 21%. Thus the net profit was higher by 61% to Rs 81.01 crore.

The stock hovers around Rs 19.65.