Half year performance
The sales for the period was lower by 8% to Rs 260.26 crore and with 110 bps contraction in OPM the operating profit was lower by 15% to Rs 33.41 crore. The other income was higher by 33% to Rs 4.92 crore. The interest was lower by 69% and the depreciation was higher by 2% to Rs 20 lakh and Rs 6.30 crore respectively. Thus the PBT was lower by 12% to Rs 31.83 crore. Hurt further by higher tax (up 4% to Rs 11.39 crore) the net profit was lower by 19% to Rs 20.44 crore.
The stock hovers around Rs 375.25.