• Operating income (excluding other operating income) was higher by 17% to Rs 5.86 crore. But the value of production for the quarter was down by 3% to Rs 5.88 crore. Value of production for the quarter was 0.3% higher than sales as against 20.4% higher in corresponding previous period. Sale for corresponding previous quarter has strong liquidation of earlier period stocks.
  
• Operating profit margin expanded by 150 bps to 11.5% and this can be attributed to lower material cost and OE. The material cost as proportion to sales net of stocks and excise was down by 440 bps to 35.6% and similarly the OE was lower by 150 bps to 18.5%. However the staff cost was up by 240 bps to 33.6%.
  
• Other income was up by 22% to Rs 0.26 crore. The interest cost was nil for the quarter and as well as corresponding previous period. The depreciation was lower by 3% to Rs 0.17 crore. Thus the PBT was up by 42% to Rs 0.76 crore.
  
• Taxation in absolute terms was lower by 18% to Rs 0.14 crore and the tax rate stood lower at 19% compared to 33.1% in corresponding previous quarter. Thus the growth at PAT stood higher by 72% to Rs 0.62 crore.

The stock hovers around Rs 184.65.