Yearly performance
Sales were higher by 20% to Rs 118.76 crore and with 130 bps expansion in OPM, the operating profit was up by 32% to Rs 17.86 crore. After accounting for higher other income, lower interest and depreciation cost, the PBT before forex and EO was up by 97% to Rs 11.93 crore. Forex gain was up by 204% to Rs 1.96 crore and the EO expense was down by 84% to Rs 0.03 crore. Thus the PBT after forex gain and EO was up by 113% to Rs 13.85 crore. The taxation was up by 995 to Rs 4.74 crore but with tax rate stood lower, the PAT was up by 121% to Rs 9.11 crore.
Other developments
To pay a final dividend of Rs 0.25 per equity share of Rs 2 face value each aggregating to Rs 57.78 lakhs including corporate dividend tax for FY2016-17.
The stock hovers around Rs 71.90.