Cost of material consumed as a percentage of net sales (net of stock adjustment) was up 620 bps to 44.2% while purchase of stock in trade decreased 170 bps to 0.3%. Employee benefit expense was up 470 bps to 18.2% and other expenses increased 60 bps to 28.7%.

Other income fell 22% to Rs 1.17 crore. Interest cost was down 34% to Rs 0.15 crore. PBDT decreased 58% to Rs 2.94 crore.

Depreciation rose 9% to Rs 0.81 crore. PBT was down 66% to Rs 2.13 crore.

Effective rate of taxes fell 930 bps to 24.8% leading 61% decrease in net profit to Rs 1.6 crore

For year ended March 2017 NGL Fine-Chem net sales excluding excise duty rose 2% to Rs 96.46 crore compared to FY'17. Operating margins of the company rose 120 bps to 22.4%. As a result operating profits increased 8% to Rs 21.62 crore.

Cost of material consumed as a percentage of net sales (net of stock adjustment) was down 230 bps to 39.7% while employee benefit expense was up 230 bps to 14.5% and other expenses decreased 80 bps to 23.5%.

Other income rose 155% to Rs 4.21 crore. Interest cost was down 39% to Rs 0.72 crore. PBDT increased 22% to Rs 25.12 crore.

Depreciation rose 13% to Rs 3.08 crore. PBT was up 23% to Rs 22.04 crore.

Effective rate of taxes fell 80 bps to 35.4% leading 25% increase in net profit to Rs 14.24 crore

The scrip is currently trading at Rs 317