Sales Growth

In 2011-12, the Company reported gross sales of Rs.304 crores, an increase of 24% over the previous year.

Profit & Margin Growth

The profit from operations before depreciation, amortization expense, interest and tax, was Rs.68.91 crores against Rs.64.21 crores over the previous year; a growth of 7%. The cash profit was Rs.35.65 crores against Rs.30.12 crores and the net profit was Rs.22.84 crores compared to Rs.18.45 crores.

Costs

The finance cost has increased from Rs.29 crores to Rs.42 crores, mainly due to higher interest rates on term borrowings and working capital requirements. Other expenses were generally in line with increased operations. 

Leverage & Liquidity

The Company"s unrevalued net worth on 31st March, 2012, is Rs.209 crores and the total debt is Rs.356 crores. The debt-equity ratio is 1.70:1. If the revaluation of the Company"s land is considered, the net worth is Rs.710 crs. and the debt-equity ratio on this basis is 0.50:1. 

Capital  Expenditure

During the year, the Company incurred a capital investment of Rs.76 crores towards factory buildings, plant & machinery and product development. Most of the Company"s current capital investment plans have already been completed.