Interest cost was up 293% to Rs 8.08 crore while depreciation fell 1% to Rs 9.48 crore resulting 5% decrease in PBT to Rs 27.82 crore. Tax expense fell 22% to Rs 6.14 crore leading a 2% growth in PAT to Rs 21.68 crore. Considering share of profit of associate and prior period items net profit was up 5% to Rs 22.66 crore.

For year ended Mar20 net sales rose 13% to Rs 684.24 crore. Operating margins improved 270 bps 23.9% leading a 27% growth in operating profits to Rs 163.96 crore. Interest cost rose 56% to Rs 18.31 crore while depreciation rose 9% to Rs 40.53 crore resulting 25% increase in PBT to Rs 123.58 crore. Tax provision decreased 13% to Rs 29.33 crore. PAT was up 45% to Rs 94.25 crore. Considering share of profit of associate and prior period items net profit was up 47% to Rs 95.88 crore

Currently the shares are quoting at around Rs 289 at BSE.