Performance for the 12 months ended Mar 17

For the 12 months ended Mar 17, net sales stood at Rs 633.66 crore up by 2% YoY. OPM improved by 400 bps to 10.8% resulting in OP of Rs 68.21 crore, up by 62%. Other income was up by 23% to Rs 58.77 crore. Interest cost stood at Rs 0.79 crore and depreciation was higher by 21% to Rs 11.80 crore. This has resulted in a PBT of Rs 114.39 crore up by 44%. Total tax stood at Rs 37.12 crore up by 83% resulting in a PAT growth of 30% to Rs 77.27 crore for the 12 months ended Mar 17.

The board of directors have recommended a dividend of Rs 3 per equity share of face value of Rs 10 each for FY'17.