Cost of raw material consumed as a percentage to net sales fell 380 bps to 86.8% from 90.6% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses was flat at 0.3% while other expenditure increased 230 bps at 3.3%. 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 stood at Rs 150.77 crore compared to a negative of Rs 2.62 crore in corresponding previous year quarter leading 55% rise in PBIDT to Rs 767.1 crore. Interest cost fell 12% to Rs 46.92 crore while depreciation increased 27% to Rs 101.62 crore. The resultant PBT increased 72% to Rs 618.56 crore.

Effective tax rate decreased 800 bps to 23.9% resulting 92% increase in PAT to Rs 470.79 crore.

For year ended March 2017 sales decreased 9% to Rs 24616.03 crore as against Rs 27133.42 crore in previous year. The operating profit margins of the company rose 470 bps to 10.5% leading 63% increase in operating profits to 2592.27 crore.

Cost of raw material consumed as a percentage to net sales fell 540 bps to 87% from 92.4% in corresponding previous quarter. Employee benefit as a percentage to net sales was flat at 0.3% while other expenditure increased 70 bps at 2.2%. 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 doubled to Rs 346.64 crore leading a 67% rise in PBIDT to Rs 2938.91 crore. Interest cost fell 12% to Rs 209.65 crore while depreciation increased 15% to Rs 369.07 crore. The resultant PBT increased 97% to Rs 2360.19 crore.

Effective tax rate increased 390 bps to 27.7% resulting 87% increase in PAT to Rs 1705.67 crore.

The scrip closed Rs 436 at BSE