Yearly performance
Net sales (including other operating income) has increased 28% to Rs 986.57 crore. Operating profit margin has jumped from 13% to 13.8%, leading to 35% rise in operating profit to Rs 135.66 crore. Other income fell 33% to Rs 8.59 crore. Provision for interest remained nil. Provision for depreciation down 2% to Rs 19.77 crore. Profit before tax grew 34% to Rs 124.48 crore. Provision for tax was expense of Rs 31.94 crore, compared to Rs 22.03 crore. Effective tax rate was 25.66% compared to 23.67%. Profit after tax rose 30% to Rs 92.54 crore.
Other developments
During the quarter, the Company has allotted 2254 Equity Shares of face value of Rs. 10/- each pursuant to exercise of stock options by employees. Thus promoters' stake was 52.16% as of 30 June 2021, compared to 52.18% as of 30 June 2020.
