• The value of production for the quarter was up by 1% to Rs 25.52 crore. And the sale (excluding other operating income) was up by 2% to Rs 25.82 crore. Sales marginally higher than value of production was largely on account of liquidation of earlier period inventory. While operating income was up by 2%, the other operating income was up by 20% to Rs 0.25 crore. Thus the total operating income was up by 2% to Rs 26.07 crore.
  
• Operating profit margin expanded by 130 bps to 13.5% and that is due to sharp fall in other expenses. Material cost as proportion to sales net of stocks was up by marginal 30 bps to 64.1%. Similarly the staff cost was up by 170 bps to 9.5%. But OE was lower by 350 bps (to 12.7%).
  
• Other income was up by 646% to Rs 0.08 crore. The interest cost was up by 13% to Rs 0.06 crore. The depreciation was higher by 33% to Rs 0.76 crore. Thus the PBT was up by 11% to Rs 2.79 crore. EO Expense was Rs 0.05 crore compared to nil in corresponding previous period. Thus the PBT after EO was up by 9% to Rs 2.73 crore.
  
• Taxation was up by 9% to Rs 0.89 crore but the tax rate being flat at 32.4, the PAT was up by 9% to Rs 1.85 crore.

Half Yearly performance

Standalone sales were flat at Rs 45.89 crore. But with operating margin expand by 250 bps the operating profit stood higher by 25% to Rs 5.58 crore. After accounting for lower other income, higher interest and higher depreciation the PBT (before EO) was higher by 20% to Rs 4.12 crore. EO Expense was Rs 0.05 crore compared to nil in corresponding previous period. Thus hurt the PBT after EO was up by 19% to Rs 4.07 crore. Taxation in absolute term was higher by 19% to Rs 1.32 crore. The PAT thus was higher by 19% to Rs 2.75 crore.

The stock hovers around Rs 16.05.