OPM decreased 670 basis points to 5.6% which saw OP fell 65% to Rs 6.9 crore. Other income was Rs 2.11 crore compared to negative of Rs 0.37 crore and interest cost fell 23% to Rs 34 lakh. As depreciation grew 9% to Rs 3.23 crore, PBT fell 66% to Rs 5.44 crore. Provision for tax fell 68% to Rs 1.82 crore, after which PAT fell 64% to Rs 3.62 crore.

H1FY 2020 results

In H1FY 2020, it registered 13% fall in sales to Rs 270.79 crore. OPM fell 270 basis points to 9.2% which saw OP fell 32% to Rs 24.99 crore.

Other income grew 49% to Rs 3.26 crore and interest cost went down 16% to Rs 0.74 crore. After providing for depreciation (up 8% to Rs 6.28 crore), PBT fell 34% to Rs 21.24 crore. Provision for tax fell 43% to Rs 6.26 crore after which PAT went down 30% to Rs 14.98 crore.

The stock trades at Rs 179.