Nine month performance
Sales were higher by 8% to Rs 320.22 crore and with 20 bps expansion in OPM, the operating profit was up by 11% to Rs 24.55 crore. The other income was up by 109% to Rs 1.07 crore. The interest cost was higher by 3% to Rs 12.05 crore and depreciation was lower by 8% to Rs 3.76 crore. Thus the PBT was up by 44% to Rs 9.80 crore. After accounting for higher taxation (up 56% to Rs 3.29 crore) the net profit was up by 39% to Rs 6.51 crore.
The stock hovers around Rs 149