Other income rose 20% to Rs 14.69 crore compared to Rs 12.27 crore in the corresponding previous year quarter. Interest cost was nil. Depreciation fell 4% to Rs 8.92 crore. PBT rose 20% to Rs 118.82 crore.

Tax expense was up 31% to Rs 30.28 crore. Net profit rose 16% to Rs 88.54 crore compared to Rs 76.32 crore.

Performance for half year ended Sep'20

For half year ended Sep'20, net sales fell 10% to Rs 545.96 crore compared to corresponding previous year period. Operating margins of the company rose 390 bps to 38.9% leading a flat operating profit to Rs 212.37 crore. Other income rose 9% to Rs 26.29 crore. Interest cost was nil. Depreciation fell 4% to Rs 17.82 crore. PBT as a result rose 2% to Rs 220.84 crore. Tax expense was down 13% to Rs 56.59 crore. Net profit rose 8% to Rs 164.25 crore.

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