OPM fell 240 basis points to 15.9% which saw OP fall 9% to Rs 131.50 crore.

Other income grew 49% to Rs 22 crore and interest cost fell 38% to Rs 2 crore. After providing for depreciation (up 2% to Rs 31.20 crore), PBT went down 5% to Rs 120.30 crore.

Provision for taxation grew 4% to Rs 29.90 crore after which PAT went down 7% to Rs 90.40 crore.

Minority interest (MI) slumped 59% to Rs 4.60 crore. Thus net profit stagnated at Rs 85.80 crore.

YoY quarterly results

On yoy basis, in June 2018 quarter it registered 16% rise in sales. OPM improved 60 basis points which saw OP grow 21%. PBT jumped 42%and net profit went up 67%.

FY 2018 results

In FY 2018, it registered 7% rise in sales to Rs 2991.40 crore. OPM improved 130 basis points to 16.8% which saw OP grow 16% to Rs 401.30 crore. PBT grew 23% to Rs 403.60 crore. Net profit had grown 12% to Rs 280.20 crore.

Valuation

The stock trades at Rs 1121.