Performance for 12 months ended Mar'17

For the 12 months ended Mar'17 net sales was up by 2% to Rs 1362.12 crore. OPM was lower by 150 bps to 11.9% resulting in OP de-growth of 10%. Other income was up by 37% to Rs 7.69 crore. Interest cost was lower by 3% to Rs 31.49 crore and depreciation was higher by 2% to Rs 39.62 crore. Thus, PBT was down by around 14% to Rs 98.27 crore. After providing for a total tax of Rs 40 crore, PAT for 12 months ended Mar'17 stood at Rs 58.27 crore, down by 21% on YoY basis.

The board of directors have recommended a dividend of Rs 1 per share of face value of Rs 10 each for FY'17.