Performance for the quarter ended March 2020 

Total income from operation declined 2% to Rs 3,415.14 crore for the fourth quarter ended March 2020. OPM increased to 530 bps to 30.9%. The increment in OPM was due to drop in raw material costs by 120 bps to 6.8%, freight & forwarding cost by 120 bps to 21.3%, and power & fuel cost by 450 bps to 20.4%, as percentage to sales and net of stock adjustments. As a result, the OP rose 18% to Rs 1056.73 crore.  

The other income inclined by 102% to Rs 98.17 crore. The interest cost gained 6% to Rs 73.87 crore and depreciation went up 4% to Rs 464.67 crore. Thus, PBT grew by 45% to Rs 616.36 crore. The net tax outgo was down by 3% to Rs 79.71 crore during the quarter, thus, the PAT before MI advanced by 57% to Rs 536.65 crore. After accounting Rs 0.72 crore outflows in Minority interest, the Net Profit rose 57% to Rs 535.93 crore

Annual Financial Performance (FY 2020) 

Total consolidated revenue inclined by 2% to Rs 12,868.39 crore for the fiscal year ended March 2020. OPM improved by 700 bps to 29.2%, thus, OP advanced by 35% to Rs 3,759.10 crore. Other income grew by 10% to Rs 274.40 crore. The interest cost increased by 18% to Rs 291.43 crore. The depreciation went up 23% to Rs 1,807.81 crore. The PBT before EO, as a result, rose 46% to Rs 1,934.26 crore. The Company booked NIL EO exceptional income/losses during the period as against EO exceptional losses of Rs 178.13 crore in financial instruments corresponding previous period. As a result, PBT after EO rose 69% to Rs 1,934.26 crore. The company net tax outgo rose by 199% to Rs 390.20 crore, thus, PAT before MI advanced by 52% to Rs 1,544.06 crore. After accounting Rs 8.21 crore outflows in Minority interest, the Net Profit rose 52% to Rs 1,535.85 crore 

The scrip was last traded at Rs 18,740.85 (08 May 2020) on the BSE.