Nirlon posted a “turnaround” performance for Q4Fy17. This was purely on account of some lower expenses and exceptional expenses seen in Q4FY16. That explains why despite a flattish revenue at Rs.74 crore, the company ended the quarter with a net profit of Rs.10.60 crore v/s loss of Rs.11.40 crore(YoY). Sequentially, net profit was down 41%.

A 5% drop in total expenses, other income of Rs.88 lakh, a 48% drop in tax outgo and a 6% decline in interest outgo helped this turnaround.

The company ended the quarter with a net profit at Rs.57 crore v/s Rs.43 crore in FY16. Equity stands at Rs.90.11 crore and EPS for the year was at Rs.6.35 (FV of Rs.10).