• Expansion in OPM was largely on account of lower material cost. Material cost as proportion to sales was lower by 700 bps to 75.9%. Though labour/subcontract charges, staff cost and other expenses stood higher by 390 bps (to 5.9%), 50 bps (to 1.9%) and 90 bps (to 5.3%) respectively that could not fully offset the gain in material cost to facilitate expansion in OPM. Thus on a sales of Rs 555.29 crore (up 9%) the operating profit stood higher by 30% to Rs 60.34 crore.
  
• Other income jumped by 174% to Rs 1.81 crore. The interest cost was up by 98% to Rs 27.75 crore and the depreciation was up by 9% to Rs 3.76 crore. Thus the growth at PBT moderated to stand at 3% to Rs 30.64 crore.
  
• Taxation was higher by 131% to Rs 16.62 crore as the company made higher provisioning in Q4FY15 to makeup the under provisioning in sequential previous quarters. Thus the PAT was lower by 38% to Rs 14.02 crore.

Yearly Performance

Consolidated sales were higher by 11% to Rs 1961.79 crore. But with OPM stand increased by 140 bps to 12.1% the operating profit stood increased by 26% to Rs 236.91 crore. The other income was lower by 25% to Rs 3.14 crore. The interest and depreciation cost was higher by 34% and 43% respectively to Rs 101.13 crore and Rs 20.16 crore. Thus the growth at PBT was 15% to Rs 118.76 crore. After accounting for higher taxation (up 43% to Rs 37.17 crore) the growth at PAT level moderated to stand at 6% to Rs 81.59 crore.

Other developments

To pay a dividend of Rs 3 per share of Rs 10 face value each for 2014-15.

The Board in its meeting on May 22, 2015 has considered, approved and recommended a Bonus Issue of one equity share for every equity share held (i.e. in the ratio of 1:1) subject to shareholders' approval at the ensuing 20th Annual General Meeting.

Stock hovers around Rs 568.75.