Performance for the 9 months ended Sep 17

For the 9 months ended Sep'17, net sales were up by 12% to Rs 682.22 crore. OPM was lower by 60 bps to 18.2% restricting the OP growth to 9% to Rs 124.50 crore. Other income was lower by 6% to Rs 9.18 crore. Depreciation was up by 6% to Rs 21.01 crore, thus PBT was up by 8% to Rs 112.67 crore. After providing total tax of Rs 39.55 crore, up by 9%, PAT for the 9 months ended Sep 17 was up by 7% YoY to Rs 73.12 crore.

The company has receivables of around Rs 3,306 lakhs from certain customers against whom insolvency proceedings have been initiated under the insolvency and bankruptcy code 2016. Considering the relationship with said customers, criticality of the company's products sold and amount collected from them, the management believes that the said receivables are good and carrying amount of the same is appropriate.