Performance for the 12 months ended Dec'16

The company reported a 16% increase in net sales for the 12 months ended Dec'16 to Rs 339.51 crore. OPM was lower by about 120 bps to 16.1%, restricting the OP growth to 8% to Rs 54.69 crore. Other income stood at Rs 2.09 crore up by 11% YoY. Interest and depreciation costs stood at Rs 0.42 crore and Rs 5.05 crore respectively, after which PBT stood at Rs 51.31 crore, up by 7% YoY. With total tax of Rs 18.24 crore, up by 13% YoY, PAT for 12 months ended Dec'16 stood at Rs 33.07 crore, up by 4% YoY.

The company has recommended a final dividend of Rs 7 per equity share of face value of Rs 10 each. This together with 2 interim dividend of total of Rs 16, makes the total dividend declared for CY 2016 at Rs 23 per equity share of face value of Rs 10 each.