The company has registered sales over 1 million units for the 3rd time in a row, and a turnover of Rs 5,154 crore and export revenue of Rs 1,710 crore.
The company reported increase in Earnings before interest and tax (EBITDA) margin from 20.1% in Q2 / FY12 to 21.0% in Q3 / FY12. The improvement in margin was primarily due to higher realization from exports.This improvement is the best in industry.
The company’s overall market share stood at approximately 31% in Q3 of FY12.
The company has entered into foreign exchange contracts to hedge highly probable forecast transactions. MTM losses in respect of effective hedges is carried to the Hedge Reserve and ineffectiveness, if any, including the time value of optioncontracts is recognized in the results, as per the principles of AS-30. The time value of option contracts, aggregating Rs 1.54 billion for 9M / FY12, will reverse over the tenure of the contract, said in its statement.
The company reported surplus cash and cash equivalents of Rs 47.58 billion as on Dec 31, 2011.
Meanwhile, On BSE at 2.40 pm IST the shares of the company were trading at Rs 1463.50 up by 8.80 points or 0.60%.