• Standalone sales of the company for the quarter was down by 35% to Rs 56.78 crore and with OPM contracting by 1270 bps to 13%, the operating profit was down by 67% to Rs 7.36 crore. But with OI jump by 60% to Rs 7.04 crore, the PBIDT was down by 46% to Rs 14.40 crore. After accounting for higher interest and lowerdepreciation the PBT was lower by 55% to Rs 10.16 crore. With taxation stand lower by 67% to Rs 2.54 crore, the PAT was down by 49% to RS 7.63 crore.
  
• Considering tepid standalone performance the growth in consolidated revenue and net profit was largely due to impressive performance at subsidiary levels especially the overseas one. On deducting standalone financials from consolidated financials, the sales of subsidiaries was up by 32% to Rs 145.20 crore. Moreover with OPM expand to 8.6% (from negative 14.2% in corresponding previous period) the operating profit was Rs 12.49 crore compared to a loss of Rs 15.58 crore in the corresponding previous period. The PBT was a profit of Rs 0.22 crore compared to loss of Rs 26.26 crore in the corresponding previous period.

Yearly performance

Consolidated sales was down by 21% to Rs 908.89 crore. And with OPM crash by 720 bps to 13%, that together with lower sales led to 49% fall in OP to Rs 118.34 crore. After accounting for lower OI, higher interest and depreciation, the PBT (before share of profit from associate& EO) was down by 66% to Rs 76 crore. The PBT after share of profit from associate was down by 65% to Rs 77.13 crore with share of profit from associate stand higher by 49% to Rs 1.13 crore. The PAT was down by 66% to Rs 53.84 crore with taxation down 64% to Rs 23.30 crore. Eventually the net profit was down by 55% to Rs 56.22 crore as minority interest being a share of loss amounting Rs 2.38 crore against a share of profit of Rs 31.63 crore.