The company came out with results
Revenue up 3% to 1319cr compared to 1276cr last year.
Net Profit up 17.5% to 47cr compared to 40cr last year.
The management has given the following outlook for financial year 2017
Outlook for FY 2017
Taking into account the general conditions of the markets in which the Company sells its products as also the current order book position, the management believes that the sales ill grow by about 3% to 5% in the coming year. However, with focus on creating better and higher value products coupled with efficient working capital management, we believe we will achieve a PAT growth of about 13% to 17% in FY17.