OPM was lower by 50 bps to 19.6%, thus resulting in a 8% fall in OP to Rs 261.89 crore. Other income was lower by 14% to Rs 69.19 crore and interest costs were NIL. Depreciation was lower by 5% to Rs 84.08 crore which resulted in a 11% decrease in PBT to Rs 247 crore. Total tax provision was lower by 2% to Rs 68.52 crore on YoY basis, PAT for the quarter ended June'16 stood at Rs 178.48 crore.

For the quarter ended June'16, Exim sales, which constitute around 81% of total sales, were lower by 6% to Rs 1091.08 crore. Domestic sales were also lower by 6% to Rs 248.14 crore. PBIT Margin of Exim business stood at 18.7% and PBIT stood at Rs 203.65 crore, down by 5% YoY for June'16 quarter. PBIT margin of Domestic business stood at 1.6% and PBIT stood at Rs 3.93 crore, down by 18% YoY.

Performance for the 12 months ended Mar'16

For the 12 months ended Mar'16, net sales were up by 3% at Rs 5742.58 crore. For 12 months ended Mar'16, Exim traffic was lower by around 5.5% and domestic was down by 8.4% leading to an overall traffic handling lower by around 6%. Net sales for FY'16 were up by 3% due to revised rates and tariffs as compared to FY'15. OPM was lower by 430bps to 18.8%, resulting in a 17% decrease in OP to Rs 1081.54 crore. Other income was lower by 7% to Rs 344.66 crore. Interest costs were Nil and depreciation was lower by 2% to Rs 364.60 crore, thus PBT was lower by 18% to Rs 1061.60 crore. After providing total tax of Rs 274.67 crore, up by 11%, PAT for 12 months ended Mar'16 was lower by 25% to R 786.93 crore on YoY basis.

For the year ended Mar'16, Exim sales, which constitute around 81% of total sales, were up by 4% to Rs 4637.15 crore. Domestic sales were lower by 2% to Rs 1105.43 crore. PBIT Margin of Exim business was lower by 380 bps to 17.4% and PBIT stood at Rs 809.16 crore, down by 14% for 12 months ended Mar'16. . PBIT margin of Domestic business stood at 1.8% and PBIT stood at Rs 20.03 crore, down by 75%.