Performance for the 6 months ended Sep 17

For the 6 months ended Sep 17, net sales stood at Rs 307.40 crore down by 1% YoY. OPM improved by 140 bps to 8.1% resulting in OP growth of 20% to Rs 24.95 crore. Other income was down by 11% to Rs 35.42 crore. Interest cost stood at Rs 0.23 crore and depreciation was higher by 28% to Rs 6.64 crore. This has resulted in a PBT of Rs 53.50 crore down by 3%. After providing total tax of Rs 17.94 crore down by 7% YoY, PAT for 6 months ended Sep 17 stood at Rs 35.56 crore, flat on YoY basis.

The company declared an interim dividend of Rs 3 per equity share of face value of Rs 10 each for FY 18.