Other income rose 1790% to Rs 5.5 crore. Interest cost was Rs 5.12 crore compared to Rs 0.7 crore. Depreciation rose 369% to Rs 21.81 crore. PBT fell 71% to Rs 10.45 crore. Tax expense was down 91% to Rs 0.93 crore. Net profit fell 62% to Rs 9.52 crore.

Q4FY20 performance was impacted by Covid-19 pandemic. The company lost revenue of about Rs 120 crore and impact on profitability was around Rs 26 crore.

Performance for year ended Mar20

For year ended Mar'20, net sales fell 4% to Rs 1718.32 crore compared to corresponding previous year period. Operating margins of the company rose 440 bps to 17% leading a 3% increase in operating profit to Rs 291.28 crore.

Other income rose 50% to Rs 12.5 crore. Interest cost was Rs 23 crore compared to Rs 1.49 crore. Depreciation rose 405% to Rs 83.87 crore. PBT before EO as a result fell 8% to Rs 196.91 crore. The company had EO expense of Rs 48.5 crore compared to nil in the corresponding previous year. PBT after EO was down 31% to Rs 148.41 crore. Tax expense was down 47% to Rs 36.68 crore. Net profit fell 23% to Rs 111.73 crore.

The scrip is trading at Rs 204 at BSE