Highlights of the call are:

• The company has reported 18% increase in the total income from operations at Rs 2595.38 crore led by 40% grow in exports at Rs 814.90 crore; while domestic revenues grew 10% increase in the domestic at Rs 1780.48 crore. Apparel segment grew 28% to Rs 1263.36 crore and constituted 49% of the total sales. Revenues from home textiles grew 21% to Rs 306.27 crore while that of Garments grew 74% to Rs 69.21 crore. On the other hand, the Polyester yarn business has increased its share in the company's business from 26% in Q4FY11 to 35% in Q4FY12. The revenues from polyester business grew 52% to Rs 833.84 crore in the quarter under review.
• Dip in the raw material cost has eased pressure on the margins and the OPM improved 270 bps to 28.1%. Interest cost has doubled to Rs 334.60 crore. Thanks to huge Rs 227.56 crore of EO incomes in the quarter under review, against loss of Rs 34.03 crore in the corresponding previous quarter, Net Profit was higher by 78% to Rs 283.50 crore.
• With increase in the capacity expansion in polyester business, the management expects polyester and home apparel business to constitute 35% each and bed Lenin 30% of revenues in FY13.
• With the volatile cotton prices, the company has covered cotton for 6 months only at end of March 12.
• In the real estate space, the company has sold Eight floors out of Twenty floors in Tower 'B' of Peninsula Business Park, Lower Parel. Token consideration has been received and Letters of Intent (LOI) have been executed. The Sale Deeds should be signed against the full consideration as per the terms of the LOIs.
• Three floors out of eight floors in Ashford Centre, Lower Parel have been leased / sold. Earnest money deposits have been received and the Sale Deeds should be executed against full payment.
• The long term debt stood at Rs 7202 crore of which forex debt stood at Rs 1300 crore at end of FY12. The standalone debt was Rs 116 billion while consolidated debt was at Rs 130 billion. With cash inflows from real estate business expected in FY13, the management expects to repay debt to he tune of Rs 1000 crore in current year.
• During the quarter the capacity of continuous polymerization was increased from 400,000 to 500,000 tons per annum.
• Capex for FY13 would be only normal maintenance capex of Rs 400 - 500 crore.
• H&A stores and Store 21 have reported losses for FY12. The management expects to take appropriate measures for the improvement in this business.
• Jiwrajka Investment Private Limited (JIPL), a promoter group company, purchased 1,60,00,000 Warrants convertible into equity shares from an Investor in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time and subsequently exercised the option of conversion of 1,60,00,000 Warrants into equity shares of the Company. By virtue of the above allotment and the amalgamation of Grabal Alok Impex Limited, the paid up equity share capital of the Company increased from 78,77,84,357 equity shares of the face value of Rs.10/- each to 82,62,69,357 equity shares of the face value of Rs.10/- each.
• Besides above, Board approved a preferential allotment of up to 2.75 crore Equity Shares and up to 5.00 crore Warrants to Promoters / Promoter Group Company in terms of SEBI (ICDR) Regulations 2009, as amended from time to time, subject to approval of the shareholders.
• The Board considered and recommended equity dividend of 3% i.e. Rs. 0.30 per equity share for financial year ending 31 March 2012, (previous year – 2.5%) subject to the approval of the members at the Annual General Meeting, which has been fixed for Tuesday the 14 August 2012.