Other income of the company rose to Rs 32 lakh compared to Rs 15 lakh in Q1FY'20. Interest cost was Rs 20 lakh compared to Rs 44 lakh in the corresponding previous year period. Depreciation rose 1% to Rs 85 lakh. PBT as a result rose 22% to Rs 9.87 crore. The effective tax rate fell 390 bps to 25.8% post, which the company's net profit was up 29% at Rs 7.32 crore.

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 217 on the BSE.