OPM fell 540 basis points to 6.5% which took OP down 48 to Rs 6.90 crore.

Other income grew 55% to Rs 2.70 crore and depreciation fell 8% to Rs 2.54 crore.

PBT fell 42% to Rs 7.06 crore.

There was EO expenses of Rs 11.63 crore. Thus PBT after EO stood at a loss of Rs 4.57 crore against a profit of Rs 12.17 crore.

Tax write back stood at Rs 3.19 crore against a provision of Rs 3.72 crore. Finally, PAT stood at a loss of Rs 1.38 crore against a profit of Rs 8.45 crore.

FY 2015 results

FY 2015 was a 15 month FY for the company as it changed its year end to FY from CY. Thus variation cannot be compared.

In FY 2015, sales stood at Rs 551.85 crore. OPM stood at 9.2% which saw OP at Rs 50.51 crore.

PBT stood at 48.22 crore.

There was EO expenses of Rs 17.61 crore. Thus PBT after EO stood at Rs 30.61

After providing for tax of Rs 6.97 crore, PAT stood at Rs 263.64 crore.

Segment results

For the quarter, sales from the Consumables segment fell 5% to Rs 77.72 crore and accounted for 74% of sales. PBIT from the same fell 36% to Rs 6.94 crore and accounted for 69% of total.

For the quarter, sales from the Equipment division fell 3% to Rs 27.56 crore and accounted for 26% of sales. PBIT from the same rose 28% to Rs 3.10 crore and accounted for 31% of total.

For the 15 months ended March 2015, sales from the Consumables segment stood at Rs 399.55 crore and accounted for 73% of sales. PBIT from the same stood at Rs 45.52 crore and accounted for 82% of total.

For the 15 months ended March 2015, sales from the Equipment division stood at Rs 146.03 crore and accounted for 27% of sales. PBIT from the same stood at Rs 10.05 crore and accounted for 18% of total.

Valuation

The share price trades at Rs 675.