The dip in net profit was primarily due to a rise in interest expenses which have gone up to 16.62 crore from Rs 8.30 crore in the corresponding period of the last year. Other income during this period increased to Rs 2.96 crore, up from around Rs 92 lakh in the second quarter of the previous year.

The gross profit of the company has come down by 54 per cent to Rs 6.63 crore compared to Rs 14.51 crore earlier. Sales have come down marginally to Rs 180.30 crore from Rs 180.88 crore during the corresponding period in the previous year.

Expenditure has also gone up slightly to Rs 160 crore from Rs 158.99 crore last year. Depreciation has been reported at Rs 3.53 crore (Rs 2.20 crore).

During the period the paid up equity share capital of the company has gone up to Rs 44.63 crore from Rs 44.20 crore. According to the company, the quarterly results are not comparable with the corresponding period in the previous year as the former includes the effect of merger of Rajasthan Polymers & Resins (RPRL) with the company.