Net sales of the company declined moderately by 6.04 per cent at Rs 303.31 crore for the quarter ended June 30, 2017 as against Rs 322.80 crore in the corresponding period last year.
During Apr-Jun quarter, operating expenses dropped by 0.87 per cent to Rs 252.26 crore from Rs 254.48 in year ago period.
Other Income dipped by 11.94 per cent at Rs 11.43 crore versus (Jun’16 Rs 12.98 crore).
Operating Profit slipped by 27.88 per cent to Rs 51.05 crore as against Rs 70.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.26 per cent in Jun quarter.
Interest grew by 4042.86 per cent y-o-y to Rs 2.90 crore, while Taxation decreased by 45.05 per cent at Rs 12.76 crore (Jun’16 Rs 23.22 crore).
Net Profit during the quarter fell by 34.08 per cent to Rs 35.03 crore from Rs 53.14 crore in the previous year quarter.