For FY'20 net sales rose 9% to Rs 186.28 crore. The company reported 170 bps increases in operating margins to 15.3%. As a result operating profits increased 23% to Rs 28.55 crore.
Other income fell 61% to Rs 3.14 crore. Interest cost decreased 28% to Rs 1.48 crore. Depreciation rose 16% to Rs 3.51 crore. PBT as a result was up 2% to Rs 26.69 crore. Tax expense was down 11% to Rs 4.65 crore. Profit after tax of the company increased 5% to Rs 22.04 crore. Further considering MI net profit of the company rose 3% to Rs 14.01 crore.
The Board of directors of the company recommended a final dividend @ 5% on equity shares of Rs 5/- each i.e. 25 paise per equity share for FY20.
The scrip is currently trading at Rs 300
