Other income of the company rose to Rs 28 lakh compared to Rs 13 lakh in Q4FY'19. Interest cost was Rs 36 lakh compared to Rs 37 lakh in the corresponding previous year period. Depreciation rose 3% to Rs 85 lakh. PBT as a result rose 7% to Rs 8.41 crore. The effective tax rate fell 2340 bps to 4.9% post, which the company's net profit was up 42% at Rs 8 crore.

The Plant at Unit 1 & 2 at GIDC Ankleshwar remained close from 26/03/2020 to 1210412020 due to the lock down in view of the COVIO 19 pandemic.

Performance for year ended Mar20

For year ended Mar20, Net sales of the company rose 9% to Rs 182.27 crore compared to corresponding previous year quarter.

Operating margins of the company rose 210 bps to 19.9%. As a result operating profit of the company rose 22% to Rs 36.2 crore.

Other income of the company rose 266% to Rs 91 lakh compared to Rs 25 lakh in FY'19. Interest cost was Rs 1.57 crore compared to Rs 1.17 crore in the corresponding previous year period. Depreciation rose 2% to Rs 3.41 crore. PBT as a result rose 26% to Rs 32.14 crore. The effective tax rate fell 440 bps to 24.9% post, which the company's PAT was up 34% at Rs 24.15 crore.

The scrip is currently trading at Rs 143 on the BSE.