Nine month performance  

Sales for the period was up by 14% to Rs 681.66 crore. But with OPM expand by 20 bps to 13.1%, that together with higher sales, resulted in 16% increase in OP to RS 89.48 crore. The other income was down by 35% to Rs 6.35 crore and thus the PBIDT was up by 10% to Rs 95.83 crore. With interest stand lower by 100% to nil (from Rs 0.01 crore) and depreciation was down by 1% to Rs 15.05 crore, the PBT was up by 13% to Rs 80.78 crore. With taxation up by 27% to Rs 20.80 crore, the net profit was eventually stood higher by 9% to Rs 59.98 crore.  

To expand capacity to cater to enhanced engine demand 

Taking note of the expected enhanced engine demand in the coming years, the Board in its today's meeting also approved the engine capacity expansion plan from existing 1,35,000 units to 1,50,000 units per annum. The total projected outlay for the same would be financed through internal generations and surplus available with the Company