The company's total operating income reported robust growth of 42% to Rs 60.80 crore thanks to impressive growth in its segments especially the Engineering & Electronic Resins and Materials (EERM). The sales of EERM, that contributes 22% to total, grew by impressive 81% to Rs 13.49 crore. Also the sales of electrical insulations (electrical) grew by healthy 34% to Rs 47.44 crore. Increase in operating profit margin (OPM) by 320 bps to 22.2% boosted the operating profit by whopping 66% to Rs 13.48 crore. In terms of cost, as % to sales net stock adjusted, raw material cost crashed by 140 bps to 56%. Also the staff cost dipped by 150 bps to 6%. On the other hand, purchase of traded goods increased by 20 bps to 1% while the other expenditure grew by 10 bps to 15%.

Segmentwise, the PBIT margin of electrical insulations grew by 200 bps to 21% lifting its PBIT by robust 48% to Rs 10.16 crore. The EERM segment's PBIT margin spurted by impressive 760 bps to 19% boosting its PBIT by whopping 201% to Rs 2.58 crore.

The PBT grew by restricted though notable 59% to Rs 13.51 crore owing to interest cost and flat other income. The interest cost stood at Rs 0.02 crore (against nil in March 2009 quarter) while the other income was unchanged at Rs 1.19 crore. The depreciation cost grew by 44% to Rs 1.13 crore. Further increase in effective tax rate by 140 bps limited the growth in net profit to robust 55% to Rs 9.09 crore.

The promoters' share in the total shareholding remains unchanged at 88.55% in Mar 10 quarter. The promoters' have pledged ‘nil' shares of the company.

Currently the scrip is trading at Rs 503 on BSE.