Performance for year ended Dec 2015

For year ended Dec'2015, the company reported net sales growth of 7% to Rs 699.72 crore. OPM was up by about 440 bps to 17.9%, resulting in a 25% rise in OP to 125.38 crore. The other income was up by 12% to Rs 10.21 crore. The interest costs stood at Nil and depreciation was up by 21% to Rs 23.22 crore. After providing total tax of Rs 38.78 crore, up by about 26%, PAT for the 12 months ended Dec'15, was higher by 24% and stood at Rs 73.59 crore.

According to Schedule II of the companies act, the management has reassessed the remaining estimated useful life of fixed assets with effect from Jan'15 onwards, due to which the depreciation charge during the year ended Dec'15 was higher by Rs 1.83 crore.