Nine month performance 

Consolidated net sales   has increased 13.62% to Rs 766.31 crore.  Operating profit margin has declined from 29.23% to 23.91%, leading to 7.06% decline in operating profit to Rs 183.21 crore.  Employee cost decreased from 3.71% to 3.17%.   Other expenses rose from 67.18% to 74.75%.   Selling and administration expenses rose from 61.11% to 69.30%.   Construction development cost rose from 61.11% to 69.30%.   Other income was down 36% to Rs 37.32 crore.    Provision for interest fell 16.06% to Rs 4.65 crore.     Provision for depreciation rose 0.10% to Rs 30.85 crore.  PBT before EO was down 16% to Rs 185.04 crore. EO income was RS 110.36 crore against nil. Profit before tax grew 34.71% to Rs 295.40 crore.  Share of profit/loss was 141.06% higher at Rs 3.64 crore.  Provision for tax was expense of Rs 72.24 crore, compared to Rs 48.39 crore.  Effective tax rate was 24.16% compared to 21.92%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 31.55% to Rs 226.80 crore.  

Other developments

Promoters’ stake was 60.18% as of 31 December 2021 ,compared to 60.18% as of 31 December 2020 .