Net sales/income from operations (Net of excise duty)

137,097

148,448

162,329

192,259

227,380

245,579

233,666

246,171

287,045

Total income from operations (net)

139,552

150,899

164,998

195,636

230,985

247,746

234,555

248,554

290,019

Total expenses

107,671

116,556

127,113

156,116

182,342

194,412

190,687

210,972

231,589

EBITDA

31,881

34,343

37,885

39,519

48,643

53,334

43,868

37,582

58,430

Profit/(Loss) from ordinary activities before exceptional items

27,429

30,558

32,381

31,767

37,843

45,844

35,320

26,242

45,890

Profit Before Tax

27,429

30,558

32,381

30,887

37,582

73,990

34,040

26,242

43,972

Net Profit /(Loss)

20,221

22,962

24,198

23,618

28,447

53,892

26,784

19,393

31,861

Net Profit/(Loss) after minority interest

20,251

23,017

24,232

23,647

28,281

53,348

26,482

19,275

31,730

Rs. Million
Profit and Loss Account	FY15-16	FY16-17	FY17-18	FY18-19	FY19-20	FY20-21	FY21-22	FY22-23	FY23-24
Net sales/income from operations (Net of excise duty)	137,097	148,448	162,329	192,259	227,380	245,579	233,666	246,171	287,045
Other operating income	2,455	2,451	2,670	3,376	3,606	2,167	889	2,383	2,974
Total income from operations (net)	139,552	150,899	164,998	195,636	230,985	247,746	234,555	248,554	290,019
Expenses
Cost of material consumed	48,256	51,849	56,294	74,450	77,250	83,173	73,718	96,525	107,761
Purchase of stock-in-trade	14,294	15,585	16,059	19,432	21,121	23,154	19,518	20,504	27,729
Changes in inventories of finished goods, work-in- progress and stock-in-trade	-929	-3,092	-4,825	-6,756	-1,019	-7,302	8,167	-4,097	-9,462
Employee benefits expense	15,426	17,678	21,308	25,849	32,192	35,350	34,509	35,223	39,229
Other expenses	30,624	34,536	38,277	43,141	52,798	60,037	54,775	62,817	66,330
Total expenses	107,671	116,556	127,113	156,116	182,342	194,412	190,687	210,972	231,589
EBITDA	31,881	34,343	37,885	39,519	48,643	53,334	43,868	37,582	58,430
Depreciation and Amortisation expense	3,924	4,276	5,580	6,680	9,667	10,554	11,265	12,446	15,217
Profit/(Loss) from operations before other income, finance costs, foreign exchange (gain)/loss and exceptional items	27,958	30,067	32,306	32,840	38,976	42,780	32,603	25,136	43,213
Other Income	701	538	1,020	1,157	862	2,773	2,504	2,906	5,186
Finance costs	927	667	777	1,627	1,598	745	486	1,405	2,897
Foreign exchange (Gain)/Loss	304	-621	168	603	397	-1,036	-700	396	-388
Profit/(Loss) from ordinary activities before exceptional items	27,429	30,558	32,381	31,767	37,843	45,844	35,320	26,242	45,890
Exceptional item	–	–	–	881	261	-28,146	1,280	0	1,919
Profit Before Tax	27,429	30,558	32,381	30,887	37,582	73,990	34,040	26,242	43,972
Tax expense/(credit)	7,207	7,597	8,183	7,269	9,135	20,098	7,256	6,849	12,110
Net Profit /(Loss)	20,221	22,962	24,198	23,618	28,447	53,892	26,784	19,393	31,861
Minority Interest & Share of profit/(loss) of JV	-30	-55	-34	29	166	-543	-302	-118	-132
Net Profit/(Loss) after minority interest	20,251	23,017	24,232	23,647	28,281	53,348	26,482	19,275	31,730

Abridged Balance Sheet	FY15-16	FY16-17	FY17-18	FY18-19	FY19-20	FY20-21	FY21-22	FY22-23	FY23-24
EQUITY AND LIABILITIES
Share Capital	586	586	586	586	586	586	586	586	586
Reserve & Surplus	72,288	93,133	116,218	138,322	167,518	218,713	245,174	267,813	297,842
Minority Interest	26	21	18	16	1	-9	-19	120	80
Long term Borrowings	7,428	1,814	4,512	1,800	0	1,684	2,492	6,190	21,349
Short term Borrowings	36,727	29,027	40,313	65,732	54,223	48,027	21,236	42,426	41,803
Deferred tax Liabilities (Net)	240	493	2,353	2,813	3,025	5,746	4,110	3,896	3,566
Current Liabilities & Provisions	41,909	37,420	47,051	55,276	63,911	63,793	65,639	77,870	85,489
Total	159,202	162,494	211,010	264,544	289,263	338,540	339,217	398,900	450,715
ASSETS
Tangible Assets and Capital Work in progress	42,163	53,204	61,361	70,356	81,166	93,155	106,660	124,918	142,849
Intangible Assets (Inc. Goodwill)	8,115	9,715	19,676	31,077	32,658	31,196	36,133	39,219	40,766
Non-current Investments	1,229	2,459	3,115	3,602	5,547	4,312	6,183	3,917	3,217
Deferred Tax Assets (Net)	2,063	1,678	1,588	1,833	1,632	4,527	2,886	6,775	12,126
Loans and Advances	1,258	1,090	798	1,146	1,893	3,163	1,268	3,349	1,488
Other non-current Assets	1,430	2,288	2,635	2,885	2,379	4,095	4,987	5,389	8,342
Current Assets	102,944	92,062	121,878	153,645	163,988	198,092	181,100	215,332	241,928
Total	159,202	162,494	211,010	264,544	289,263	338,540	339,217	398,900	450,715

DELIVERING ROBUST FINANCIALS

We believe that execution is everything
and always challenge ourselves to deliver superior performance

Financial Highlights

DELIVERING ROBUST FINANCIALS

We believe that execution is everything and always challenge ourselves to deliver superior performance

Financial Highlights

We believe that execution is everything
and always challenge ourselves to deliver superior performance