September 2014 quarter

Sales for the quarter ended September 2014 grew 14% to Rs 230.05 crore. OPM fell 260 basis points from 10.3% to 7.7% which saw OP falling 15% to Rs 17.65 crore.

Other income fell 20% to Rs 3.21 crore. Interest cost was nil.

As deprecation fell 81% to Rs 41 lakh, PBT fell 9% to Rs 20.45 crore.

EO income was Rs 107.64 crore against nil. Thus PBT after EO jumped 468% to Rs 128.09 crore.

Provision for taxation grew 288% to Rs 32.04 crore. Finally PAT grew 572% to Rs 96.05 crore.

Six months results

Sales for the six months rose 13% to Rs 474.85 crore. OPM fell 170 basis points from 10.8% to 9.1% which saw OP falling 5% to Rs 43.32 crore.

Other income fell 22% to Rs 5.70 crore. Interest cost was nil.

As deprecation fell 44% to Rs 2.40 crore, PBT fell 4% to Rs 46.62 crore.

EO income was Rs 107.64 crore against nil. Thus PBT after EO jumped 218% to Rs 154.26 crore.

Provision for taxation grew 162% to Rs 40.55 crore. Finally PAT grew 244% to Rs 113.71 crore.

EO item for the quarter and six months represents profit on transfer of business on slump sale to JV company promoted with Nippon Oil Energy Corporation. Japan.

Diminution in value of investments

The diminution in value of investments of Rs 41.00 lakhs held by the company is not of a permanent nature and accordingly no provision has been made in the Accounts for the quarter ended June, 2013.

Valuation

The share price trades at Rs 15850.