• Value of production for the quarter was up by 11% to Rs 195.18 crore. The sale (excluding other operating income) was higher by 12% to Rs 195.13 crore.
• Upside in revenue is largely on account of higher sales of both engineering and chemicals business. Segment sale of engineering was up by 20% to Rs 108.83 crore (or 53% of sales). The segment sales of chemicals was up by 8% to Rs 75.69 crore and that of consumer products was down by 1% to Rs 21.30 crore.
• Sharp growth at EBIT is largely due to strong growth in segment profit of both Engineering and Chemicals. Riding on strong sales as well as 60 bps expansion in segment margin o 3.1%, the segment profit of engineering was up by sharp 47% to Rs 3.36 crore. Similarly the segment profit of chemicals was up by 32% (to Rs 10.58 crore) gained by higher sales and 260 bps expansion in segment margin to 14%. On marginally lower sale, the segment profit of consumer products was a loss of RS 0.92 crore compared to a loss of Rs 0.41 crore in the corresponding previous period.
• Operating profit margin expanded by 40 bps to 5.3% and this is largely on account of marginally lower material and other expenses. The material cost as % to sales net of stocks was lower by 10 bps (to 658.5%). The other expenses were lower by 50 bps to 14.8%. However the cost of traded goods was flat at 3.2%, the staff cost was up by 10 bps to 11.2%.
• Other income was higher by 59% to Rs 4.06 crore. The interest cost (net) was down by 7% to Rs 2.57 crore. The depreciation was lower by 12% to Rs 2.53 crore. Spurred thus the growth at PBT (before EO) was sharp 70% to Rs 9.25 crore.
• EO income for the quarter as well as corresponding previous quarter was nil. The taxation was higher by 79% to Rs 3.16 crore. Limited thus the net profit was eventually higher by 66% to Rs 6.09 crore.

Half Yearly performance

Sales for the period were higher by 20% to Rs 358.30 crore. As OPM contract by 30 bps the growth at operating profit restricted to 13% (to Rs 18.54 crore). The PBT before EO was up by 65% to Rs 16.07 crore after accounting for higher other income, lower interest and lower depreciation cost. EO (net) for the period as well as corresponding previous period was nil. But with taxation stand higher by 76% (to Rs 5.57 crore), the net profit was eventually higher by 60% to Rs 10.50 crore.

The stock hovers around Rs 291.20.