Yearly performance
Sales for the period were up by 39% to Rs 802.24 crore. Higher sales together with 450 bps expansion in OPM to 9.5%, the operating profit jumped up by 166% to Rs 76.33 crore. After accounting for higher other income, higher interest cost and flat depreciation the PBT before EO was a profit of Rs 33.28 crore compared to a loss of Rs 12.54 crore in the corresponding previous period. The EO Expense for the period was Rs 12.55 crore compared to nil in the corresponding previous period, thus the PBT after EO was a profit of Rs 20.73 crore compared to a loss of Rs 12.54 crore in the corresponding previous period. Taxation was Rs 7.70 crore compared to a write back of Rs 4.0 crore in the corresponding previous period. Thus the net profit was Rs 13.03 crore compared to a loss of Rs 8.54 crore in the corresponding previous period.
Other developments
Order book of the company as on April 1, 2017 was 30235 MVA valuing about Rs 967 crore.