Nine month performance
Consolidated net sales has increased 13.62% to Rs 766.31 crore. Operating profit margin has declined from 29.23% to 23.91%, leading to 7.06% decline in operating profit to Rs 183.21 crore. Employee cost decreased from 3.71% to 3.17%. Other expenses rose from 67.18% to 74.75%. Selling and administration expenses rose from 61.11% to 69.30%. Construction development cost rose from 61.11% to 69.30%. Other income was down 36% to Rs 37.32 crore. Provision for interest fell 16.06% to Rs 4.65 crore. Provision for depreciation rose 0.10% to Rs 30.85 crore. PBT before EO was down 16% to Rs 185.04 crore. EO income was RS 110.36 crore against nil. Profit before tax grew 34.71% to Rs 295.40 crore. Share of profit/loss was 141.06% higher at Rs 3.64 crore. Provision for tax was expense of Rs 72.24 crore, compared to Rs 48.39 crore. Effective tax rate was 24.16% compared to 21.92%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 31.55% to Rs 226.80 crore.
Other developments
Promoters’ stake was 60.18% as of 31 December 2021 ,compared to 60.18% as of 31 December 2020 .