Other income rose 328.57% to Rs 3 crore. Provision for interest fell 33.85% to Rs 8.6 crore. Provision for depreciation rose 4.70% to Rs 60.1 crore. Profit before tax grew 7.70% to Rs 74.10 crore. Provision for tax was expense of Rs 15.50 crore, compared to Rs 19.70 crore. Effective tax rate was 20.97% compared to 28.30%. Minority interest increased 23.08% to Rs 1.60 crore. Net profit attributable to owners of the company increased 16.87% to Rs 56.80 crore. 

For the quarter, sales from the Amesa geography stood at Rs 276.6 crore, up by 28% YoY and accounted for 33% of the total sales. PBIT from the same stood at Rs 22.4 crore down by 7% YoY and accounted for 27% of total PBIT with PBIT margins at 8.1% compared to 11.2% in Q4FY20 

For the quarter, sales from the EAP geography stood at Rs 184.9 crore, up by 37% YoY and accounted for 22% of total sales and PBIT from the same stood at Rs 21.6 crore up by 45% YoY and accounted for 26% of total PBIT with PBIT margin at 11.7% compared to 11% in Q4FY20  

For the quarter, sales from the America geography stood at Rs 174.9 crore up 2% YoY and accounted for 21% of total sales while PBIT from the same stood at Rs 20.2 crore down by 32% YoY and accounted for 24% of total PBIT. PBIT margin stood at 11.5% compared to 17.3% in Q4FY20 

For the quarter, sales from the EU geography stood at Rs 200.2 crore up by 6% YoY and accounted for 24% of total sales while PBIT stood at Rs 18.9 crore up by 40% with PBIT margin at 9.4% compared to 7.1% in Q4FY20 

Performance for year ended Mar'21 

Net sales (including other operating income) of EPL has increased 11.96% to Rs 3091.6 crore. Operating profit margin has slumped from 20.19% to 19.77%, leading to 9.61% decline in operating profit to Rs 611.10 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 42.42% to 41.75%. Employee cost increased from 19.07% to 19.64%.Other expenses rose from 18.48% to 18.81%. Cost of Sales rose from 41.59% to 41.90%. Inventories cost fell from 0.84% to 0.16%.  

Other income rose 9.02% to Rs 14.5 crore. Provision for interest fell 22.84% to Rs 42.9 crore. Loan funds declined from Rs 616.00 crore as of 31 March 2020 to Rs 584.40 crore as of 31 March 2021. Inventories rose to Rs 414.90 crore as of 31 March 2021 from Rs 369.20 crore as of 31 March 2020. Sundry debtors were higher at Rs 589.10 crore as of 31 March 2021 compared to Rs 490.30 crore as of 31 March 2020. Cash and bank balance declined from Rs 371.50 crore as of 31 March 2020 to Rs 241.40 crore as of 31 March 2021. Investments declined from Rs 16.00 crore as of 31 March 2020 to Rs 14.90 crore as of 31 March 2021.  

Provision for depreciation rose 2.09% to Rs 234.6 crore. Fixed assets increased to Rs 1,442.60 crore as of 31 March 2021 from Rs 1,384.90 crore as of 31 March 2020. Intangible assets increased from Rs 14.20 crore to Rs 115.90 crore.  

Profit before tax grew 21.97% to Rs 348.10 crore. Share of profit/loss was 50% lower at Rs -0.9 crore. Extraordinary items were decreased to Rs -16.10 crore. Provision for tax was expense of Rs 86.80 crore, compared to Rs 63.80 crore. Effective tax rate was 26.22% compared to 23.17%. 

Minority interest increased 20.93% to Rs 5.20 crore. Net profit attributable to owners of the company increased 15.34% to Rs 239.10 crore.  

Promoters' stake was 51.96% as of 31 March 2021 compared to 74.99% as of 31 March 2020.  

Cash flow from operating activities increased to Rs 522.40 crore for year ended March 2021 from Rs 471.10 crore for year ended March 2020. Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 176.00 crore, compared to Rs 124.30 crore during the year ended March 2020.  

The scrip is currently trading at Rs 248