Other income fell 27% to Rs 2.63 crore. Interest cost was nil.

As deprecation rose 69% to Rs 3.86 crore, PBT fell 27% to Rs 24.06 crore.

EO gain was Rs 42.94 crore against a loss of Rs 3.48 crore, Thus PBT after EO jumped 126%to Rs 67.00 crore.

Provision for taxation jumped 100% to Rs 23.68 crore. Finally PAT soared 144% to Rs 43.32 crore.

FY 2015 results

In FY 2015 sales rose 5% to Rs 955.75 crore. OPM fell 220 basis points from 11.3% to 9.1% which saw OP falling 15% to Rs 87.40 crore.

Other income fell 1% to Rs 13.12 crore. Interest cost was nil.

As deprecation fell 15% to Rs 7.45 crore, PBT fell 13% to Rs 100.52 crore.

EO income was Rs 150.33 crore against loss of Rs 3.48 crore. Thus PBT after EO jumped 135% to Rs 243.40 crore.

EO item represents gain on sale of land and building at Royapuram amounting Rs 12.75 croreand depreciation written back due to change in depreciation method amounting to Rs 30.19 crore. In addition EO also includes profit on transfer of business on slump sale to JV company promoted with Nippon Oil Energy Corporation. Japan amounting to Rs 107.39 crore.

Provision for taxation grew 104% to Rs 72.25 crore. Finally PAT grew 150% to Rs 171.15 crore.

FY 2015 consolidated results

In FY 2015 sales consolidated rose 6% to Rs 1037.25 crore. OPM fell 220 basis points from 10.0% to 7.8% which saw OP falling 18% to Rs 80.21 crore.

PBT fell 21% to Rs 81.81 crore.

EO income was Rs 150.33 crore against loss of Rs 3.48 crore. Thus PBT after EO jumped 132% to Rs 232.14 crore.

EO item represents gain on sale of land and building at Royapuram amounting Rs 12.75 croreand depreciation written back due to change in depreciation method amounting to Rs 30.19 crore. In addition EO also includes profit on transfer of business on slump sale to JV company promoted with Nippon Oil Energy Corporation, Japan, amounting to RS 107.39 crore.

Provision for taxation grew 108% to Rs 73.59 crore. Finally PAT grew 145% to Rs 158.55 crore.

Valuation

Revenues and profits have been affected due to sharp fall in raw material prices and poor demand. However once the raw material prices stabilize and demand recovers, profits should recover,

The share price trades at Rs 15370.

The company has recommended dividend of Rs 250 per share.