Interest cost was down 14% to Rs 2.79 crore while depreciation rose 10% to Rs 10.98 crore resulting 30% increase in PBT to Rs 35.55 crore. Tax expense rose 20% to Rs 9.53 crore leading a 34% growth in PAT to Rs 26.01 crore. Considering share of profit of associate and prior period items net profit was up 35% to Rs 26.71 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 389 at BSE.

Promoter shareholding remains unchanged at 48.76% at the end of June'20 quarter compared to Mar20 quarter. No promoter shares were pledged.