Quarterly results

Sales for the quarter ended March 2017 grew 3% to Rs 301.48 crore. OPM fell 90 basis points to 13.8% which saw OP fall 3% to Rs 41.71 crore.

Other income grew 24% to Rs 6.96 crore. Interest cost was nil. As deprecation grew 3% to Rs 1.86 crore, PBT stagnated at Rs 46.81 crore.

EO loss was NIL against Rs 24.49 crore. Thus PBT after EO jumped 110% to Rs 46.81 crore.

Provision for taxation fell 5% to Rs 12.44 crore after which PAT fell 273% to Rs 34.37 crore.

FY 2017 results

Sales for FY 2017 grew 3% to Rs 1132.00 crore. OPM fell 140 basis points to 11.5% which saw OP fall 8% to Rs 129.74 crore.

Other income grew 19% to Rs 28.66 crore. Interest cost was nil. As deprecation grew 4% to Rs 7.37 crore, PBT fell 4% to Rs 151.03 crore.

EO loss was NIL against Rs 24.49 crore. Thus PBT after EO jumped 13% to Rs 151.03 crore.

Provision for taxation fell 4% to Rs 48.10 crore after which PAT grew 24% to Rs 102.93 crore.

Consolidated FY 2017 results

Consolidated sales for FY 2017 grew 14% to Rs 1300.30 crore. OPM improved 40 basis points to 10.3% which saw OP rise 19% to Rs 134.22 crore.

Other income grew 48% to Rs 35.50 crore. Interest cost was nil. As deprecation grew 21% to Rs 8.91 crore, PBT jumped 24% to Rs 159.31 crore.

Provision for taxation grew 1% to Rs 50.66 crore after which PAT grew 38% to Rs 108.65 crore.

Minority interest fell 15% to Rs 6.63 crore after which PAT jumped 33% to Rs 115.28 crore.

Valuation

The share price trades at Rs 5964.