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For the quarter ended Dec'15, net sales were up by 8% to Rs 185.98 crore. On a lower base of Dec'14 quarter, OPM was up by 470 bps to 17.5% resulting a 37% rise in OP to Rs 32.46 crore. Other income was lower by 20% to Rs 2.51 crore. Depreciation was up by 29% to Rs 6.25 crore, thus PBT was up by 31% to Rs 28.72 crore. After providing total tax of Rs 10.21 crore, up by 36%, PAT for Dec'15 quarter was up by 28% YoY to Rs 18.51 crore.
Performance for year ended Dec 2015
For year ended Dec'2015, the company reported net sales growth of 7% to Rs 699.72 crore. OPM was up by about 440 bps to 17.9%, resulting in a 25% rise in OP to 125.38 crore. The other income was up by 12% to Rs 10.21 crore. The interest costs stood at Nil and depreciation was up by 21% to Rs 23.22 crore. After providing total tax of Rs 38.78 crore, up by about 26%, PAT for the 12 months ended Dec'15, was higher by 24% and stood at Rs 73.59 crore.
The Board of Directors have recommended a dividend of Rs 6.25 per share of face value of Rs 10 each for 12 months ended Dec'15.
According to Schedule II of the companies act, the management has reassessed the remaining estimated useful life of fixed assets with effect from Jan'15 onwards, due to which the depreciation charge during the year ended Dec'15 was higher by Rs 1.83 crore.
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