Other income of the company fell 8% to Rs 0.03 crore. Interest cost decreased 46% to Rs 0.21 crore. Depreciation increased 6% to Rs 0.84 crore. PBT as a result rose 48% to Rs 8.03 crore. The effective tax rate fell to 32.4% compared to 33.1% owing to which the company's PAT rose 50% to Rs 5.42 crore.

For nine months ended December 2017, net sales rose 33% to Rs 119.68 crore compared to corresponding previous year period. The company operating margins fell 70 bps to 19.6%. As a result operating profit growth was 28% to Rs 23.42 crore. Cost of raw material consumed as a percentage of net sales (net of stock adjustment) rose 20 bps to 50.7%, purchase of stock in trade rose 10 bps to 1.4%, employee benefit expense remained flat at 4.5% while other expense decreased 110 bps to 23.7%

Other income of the company rose 5% to Rs 0.12 crore. Interest cost decreased 25% to Rs 0.86 crore. Depreciation increased 5% to Rs 2.49 crore. PBT as a result rose 36% to Rs 20.18 crore. The effective tax rate fell to 34.7% compared to 34.9% owing to which the company's PAT rose 36% to Rs 13.18 crore.

The scrip is currently trading at Rs 209