Interest cost was up 75% to Rs 2.77 crore while depreciation rose 12% to Rs 11.44 crore resulting 30% increase in PBT to Rs 45.54 crore. Tax expense rose 55% to Rs 10.6 crore leading a 24% growth in PAT to Rs 34.58 crore. Considering share of profit of associate net profit was up 23% to Rs 35.01 crore.

For half year ended Sep'20 net sales rose 10% to Rs 370 crore. Operating margins improved 440 bps 27.7% leading a 31% growth in operating profits to Rs 102.37 crore. Interest cost rose 15% to Rs 5.56 crore while depreciation rose 11% to Rs 22.42 crore resulting 30% increase in PBT to Rs 81.09 crore. Tax provision increased 37% to Rs 20.5 crore. PAT was up 28% to Rs 60.59 crore. Considering share of profit of associate net profit was up 28% to Rs 61.72 crore

Currently the shares are quoting at around Rs 487 at BSE.