The company has come up with decent number for the quarter ended March 2009. The company’s domestic sales have increased by 19% due to increased volumes and better realizations. Despite rupee depreciation, the export sales have dropped by 15% largely on account of lower exports to Russia. The company’s other operating income doubled from Rs 2.4 crore to Rs 5 crore due to backlog of export incentives received during the March quarter. Favourable sales mix, lower petroleum prices, improved realizations and better forex exposure management have enabled the company to achieve this performance. The company has also witnessed a decline in raw material and employee costs to total revenues in the quarter under review. In all, the company has posted commendable results and is expected to perform well in future as well.
| NIFTY 
