9MFY'21 results
In 9MFY'21, it registered 7% fall in sales to Rs 353.72 crore. OPM rose 420 basis points to 10.9% which saw OP rose 51% to Rs 38.54 crore.
Other income fell 5% to Rs 4.44 crore and interest cost went up 230% to Rs 3.02 crore. After providing for depreciation (up 14% to Rs 11.26 crore), PBT rose 48% to Rs 28.71 crore. Provision for tax was up 22% to Rs 7.14 crore compared to tax expense of Rs 5.85 crore after which PAT went up 59% to Rs 21.56 crore.
The Board of Directors have recommended an Interim Dividend @ Rs 1.50/- per share (on fully paid up share of Rs 2/- each) for financial year 2020-21 and fixed 12th February 2021 as record date for determining entitlement of members for the purpose of payment of interim dividend.
The stock trades at Rs 179.
