Operating margins rose 1090 bps to 37.5% during quarter ended Sep20. Operating profit increased 38% to Rs 1118 crore. Other income decreased 15% to Rs 25.15 crore leading to 36% increase in PBDIT to Rs 1143.15 crore. Interest cost fell 37% to Rs 62.54 crore. Depreciation rose 5% to Rs 135.91 crore. As a result PBT was up 55% at Rs 944.71 crore.

Tax expense stood at Rs 240.29 crore compared to tax credit of Rs 320.43 crore. GSPL reported a 24% decrease in bottom-line to Rs 704.42 crore. Further considering share of profit of associates and JV and minority interest net profit fell 28% to Rs 498.57 crore.

For H1FY21 GSPL reported a 26% decrease in consolidated income from operations to Rs 4485.83 crore compared to corresponding previous year period. Operating margins rose 910 bps to 36.9% leading to 2% decrease in operating profit to Rs 1653.17 crore. Other income decreased 27% to Rs 43.5 crore leading to 3% decrease in PBDIT to Rs 1696.67 crore. Interest cost fell 33% to Rs 134.46 crore. Depreciation was up 4% to Rs 267.87 crore.

As a result PBT was up 1% at Rs 1294.34 crore. Tax expense stood at Rs 333.24 crore compared to tax credit of Rs 85.12 crore. GSPL reported a 30% decrease in bottom line to Rs 961.1 crore. Further considering share of profit of associates and JV and minority interest net profit fell 30% to Rs 719.62 crore.

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