Net sales increased by 27 per cent to Rs 165 crore in 2007-08 from Rs 130 crore, for the same period last year. Profit before interest and tax (before profit on sale of assets and investments) rose by 12 per cent. Corborundum earned Rs 11 crore on sale of investments during the quarter. PAT increased from Rs 17 crore to Rs 25 crore in 2007-08.
Net sales for the year 2007-08 increased by 26 per cent. Domestic net sales grew by 21 per cent from Rs 394 crore to Rs 479 crore (excluding anticorrosives). Export sales were impacted by the unexpected and sharp appreciation in the rupee. Exports (excluding anticorrosives) increased from Rs 71 crore to Rs 82 crore, a growth of 16 per cent.
Company's operating PBT dropped to Rs 76 crore as against Rs 78 crores in the previous year.
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