Performance for the 12 months ended Mar 17

For the 12 months ended Mar 17, net sales stood at Rs 111.34 crore up by 19% YoY. OPM stood at 4.3% up by 210 bps resulting in a 135% increase in OP to Rs 4.84 crore. Other income was lower by 2% to Rs 0.60 crore. Interest cost stood at Rs 5.04 crore up by 54%. Depreciation was higher by 27% to Rs 2 crore. Thus, loss at PBT level stood at Rs 1.60 crore as compared to loss of Rs 2.18 crore for Mar 16. There was an EO loss of Rs 7.79 crore for Mar 17 after which loss for 12 months ended Mar 17 at PBT level stood at Rs 9.39 crore. With tax credit of Rs 2.58 crore, loss for 12 months ended Mar 17 at PAT level stood at Rs 6.81 crore as compared to loss of Rs 1.51 crore for 12 months ended Mar 16.