Net Profits are up sharply but balance sheet has weakened.
Inventories are down marginally even when sales have gone up. Receivables are up sharply and payables are down from a high level. Cashflow must have been poor due to these two factors so company had to borrow. Borrowings have gone up to 148 cr from nil just six months ago. All this borrowing is for working capital as fixed assets and capital work in progress is almost unchanged in six months.
Margins have improved. this could be because of rising realizations or this could also be because company is now making premium ABS grades with the technical help from Nippon. Margins can come down but they might as well stay at these levels or even improve further.