Cost of raw material consumed as a percentage to net sales fell 860 bps to 85.8% from 94.4% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses rose 10 bps at 0.3% while other expenditure remained increased 70 bps at 1.9%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income rose 43% to Rs 49.35 crore leading a 77% rise in PBIDT to Rs 691.83 crore. Interest cost fell 10% to Rs 55.64 crore while depreciation increased 1% to Rs 80.6 crore. The resultant PBT increased 124% to Rs 555.59 crore.

The company reported a tax expense of Rs 177.73 crore compared to tax expense of Rs 4.14 crore in the corresponding previous year period resulting 55% increase in PAT to Rs 377.86 crore.

The scrip closed Rs 358 at BSE