The company has posted a good performance for Q4FY17 and FY17, mainly on the back of better numbers from its cement and realty segment. For Q4FY17, the cement segment posted a 2% (YoY) rise in revenue with EBIT showing a healthy 23% jump. Realty did really well – topline rose by a stunning 154% and EBIT was up 20 times – up from Rs.56 lakh to Rs.11 crore. This clearly indicates that its much awaited rental income has finally taken off, heralding much more contribution to come from this division in the quarters to come.

Textiles did not fare well – topline rose 2% but EBIT dropped 11% and paper unit showed a 8% rise in income and EBIT was flat at Rs.52 crore.

For Q4FY17, the company posted a 4% rise in total income at Rs.2353 crore. Expenses rose 2% but the jump in topline helped the company record a 100% jump in EBITDA from Rs.62 crore to Rs.124 crore. Net profit was at Rs.37 crore v/s loss of Rs.2 crore (YoY) and sequentially, it was up 118%.

It ended FY17 with a turnaround – net profit of Rs.105 crore v/s loss of Rs.95 crore. Its interest cost has come down 11% for Q4 and down 6% for FY17 at Rs.551 crore.

Equity is at Rs.111.69 crore and EPS has come in at Rs.9.40 (FV of Rs.10). Networth is at Rs.2482 crore.