Results taken from BSE India.com
Result highlights:
1. Revenue increased by 39% yoy and 27% qoq
2. Net profit more than doubled to 8cr leading to eps of more than Rs 5 per share the qtr making it almost 8 rs for the six months period this was 9.5rs for full last year..
3. Cost of material consumed has reduced from 8.16cr to 5.41cr. I am not sure how this is possible unless they are more in trading now rather than actually producing goods. This is validated by increase in purchase of stock in trade from 13.1cr to 18.7cr
4. Employee benefit expenses have increased almost 80% yoy. This might be due to new plants starting production.
My take on the results:
On face value things look awesome and going by Indian standards of disclosures and working of management nothing to worry about, infact it is time to sit back and enjoy the benefits of investment made in the stock.
Disclaimer: I own 1250 shares (previously 1500) sold 250 shares recently to recover my entire cost of investment plus took some profits off the table
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