Performance for the 9 months ended Dec'16

For the 9 months ended Dec'16, net sales stood at Rs 486.79 crore down by 4% YoY. OPM improved by 210 bps to 10.1% resulting in OP of Rs 49.26 crore, up by 24%. Other income was up by 22% to Rs 47.60 crore. Interest cost stood at Rs 0.37 crore and depreciation was lower by 5% to Rs 8.08 crore. This has resulted in a PBT of Rs 88.41 crore up by 27%. Total tax stood at Rs 31.49 crore up by 29% resulting in a PAT growth of 26% to Rs 56.92 crore for the 9 months ended Dec'16.