Other income fell 76% to Rs 84 lakh and interest cost grew 4% to Rs 14.23 crore. After providing for depreciation (down 7% to Rs 4.33 crore), PBT fell 7% to Rs 59.95 crore.

Provision for taxation jumped 457% to Rs 24.84 crore, after which PAT went down 42% to Rs 35.11 crore.

Minority interest and share of profit/loss of associate companies fell92% to Rs 5.05 crore.

Finally net profit stood at Rs 30.06 crore against a loss of Rs 2.56 crore.

For the nine months, consolidated sales grew 17% to Rs 2419.80 crore. OPM fell 60 bps points to 8.4% which saw OP grow 9% to Rs 203.04 crore.

Other income fell 72% to Rs 3.03 crore and interest cost grew 15% to Rs 41.85 crore. After providing for depreciation (down 5% to Rs 13.31 crore), PBT grew 16% to Rs 144.85 crore.

Provision for taxation went up 85% to Rs 62.87 crore after which PAT went down 10% to Rs 81.98 crore.

Minority interest and share of profit/loss of associate companies fell 87% to Rs 8.33 crore. Finally net profit grew 176% to Rs 73.65 crore.

Consolidated segment Performance

During the quarter Indian business contributed 26% of the total revenue. Revenue fell 12% to Rs 226.77 crore. PBIT fell 7% to Rs 40.32 crore and accounted for 23% of total

During the quarter Rest of the World business accounted for 74% of the total revenue. Revenue grew 36% to Rs 648.45 crore. PBIT grew 91% to Rs 138.24 crore and accounted for 77% of total

For the nine months, Indian business contributed 27% of the total revenue. Revenue fell 5% to Rs 681.88 crore. PBIT fell 37% to Rs 88.04 crore and accounted for 18% of total

For the nine months, Rest of the World business accounted for 73% of the total revenue. Revenue grew 28% to Rs 1821.70 crore. PBIT grew 69% to Rs 408.34 crore and accounted for 82% of total

Valuation

The share price trades at Rs 566.