Quarterly results

For the quarter ended September 2018, sales rose 7% to Rs 283.78 crore. OPM fell 80 basis points to 10.0% which saw OP fall 1% to Rs 28.26 crore.

Other income grew 11% to Rs 11.42 crore and interest cost was down 11% to Rs 34 lakh. As deprecation grew 6% to Rs 2.04 crore, PBT went up 2% to Rs 37.30 crore.

Provision for taxation went down 6% to Rs 12.54 crore after which PAT grew 7% to Rs 24.76 crore.

Six month results

For the ix months, sales rose 19% to Rs 573.60 crore. OPM improved 30 basis points to 10.8% which saw OP rise 22% to Rs 61.69 crore.

Other income grew 3% to Rs 15.79 crore and interest cost was down 7% to Rs 68 lakh. As deprecation grew 6% to Rs 4.00 crore, PBT went up 19% to Rs 72.80 crore.

Provision for taxation went up 13% to Rs 24.62 crore after which PAT grew 22% to Rs 48.18 crore.

FY 2018 results

For FY 2018 sales grew 12% to Rs 1074.49 crore. OPM fell 200 basis points to 11.7% which saw OP fall 5% to Rs 125.25 crore.

PBT fell 3% to Rs 146.55 crore.

PAT fell 6% to Rs 96.93 crore.

Valuation

The share price trades at Rs 5650.