Consolidated Performance for 6 months ended June 17

For the six months ended June 17, net sales stood at Rs 1022.62 crore, down by 7% YoY. OPM was lower by 340 bps to 9.2% resulting in an OP of Rs 94.30 crore, down by 32%. GST transition led to destocking at dealers end and affected the overall operating performance. Other income was higher by 9% to Rs 8.86 crore resulting in a PBIDT de growth of 30% to Rs 103.16 crore. Interest cost and depreciation were lower by 13% and 9% respectively to Rs 17.01 crore and Rs 42.73 crore respectively. Thus PBT stood at Rs 43.42 crore, down by 46% YoY. With tax of Rs 19.87 crore consolidated PAT for the June 17 quarter stood at Rs 23.55 crore, down by 56% YoY.