The company's net sales for the quarter ended June 2009 has increased by 7% to Rs 49.31 crore. The net profit has declined by 50% to Rs 2.6 crore.

The export has grown by 22% to Rs 26.67 crore.

Topline was down during the quarter because orders were not executed due to disapproval from customer and also because of tight financial condition of the customers.

Export: Domestic ratio now stands at 57:43.

For the first time the company has gone for provision of debtor, which is Rs 2.18 crore for June quarter. For the quarter, provision for debtor of more than 180 days is Rs 1.48 crore and for more than 365 days is Rs 0.59 crore. The company had placed a policy of going for 25% of provision for the debtor more than 365 days and 100% for more than 2 years.

There was Rs 7.1 crore of forex loss for the quarter.

36% to 40% is natural hedge.

Current quarter order book position is Rs 60 crore.

Expects a 25% growth in order book for FY10.

The managements expect a better Q2 compared to Q1 as lots of orders will be executed in Q2.

The company maintains its target of 25% to 30% of growth for FY10.