• Sales for the period was up by modest 1% Rs100.37 crore. But the value of production (VOP) for the period was up by 7% to Rs107.15 crore. Sales was about 0.94 times of its VOP and in corresponding previous period the sales was 0.99 times of its VOP. Sales lower than VOP is reflective of inventory build-up which will get liquidated going forward.
• OPM expanded by 150 bps to 11.3% and that is largely due to lower material cost, which more than offset the rise in all other cost heads. The material cost was down by 170 bps to 78.7%. The staff cost was up by 80 bps to 5.2% and the OE was up by 10 bps to 5.6%.

Half yearly performance

Sales was up by 10% to Rs 210.34 crore and the OPM was up by 40 bps to 10%. Thus facilitated by higher sales and higher OPM, the operating profit was up by 15% to Rs 21.11 crore. The PBT was up by 34% to Rs 6.39 crore after accounting for lower sales, higher interest and higher depreciation with the last two stand lower as proportion to operating profit. The PAT was eventually higher by 22% to Rs 3.82 crore after accounting for 57% increase in taxation to Rs2.57 crore.