Q1/Fy-12 results out...

Total Income up 47.4% to 5202.35 Cr from 3528.69 Cr.
EBIDTA up 50.4% to 138.18 Cr from 91.89 Cr.
Net Profit up 28.9% to 61.59 Cr from 47.77 Cr.

EBIDTA margin is 2.7% V/s 2.6% (JQ-10) and 2.9% (MQ-11)
NET Pr margin is 1.2% V/s 1.4% (JQ-10) and 1.4% (MQ-11)

Cost of Goods Sold as a %ge to Income is 94.6% V/s 94.5% (JQ-10) and 94.4% (MQ-11)
Employee plus Other expenses to sales is stable below 3%.

Tax Rate is 26% V/s 24.5% (JQ-10) and 25.9% (MQ-11)

Of concern is Interest expense thats up 98.9% to 33.29 Cr from 16.74 Cr in absolute terms.
Significance of which is that Interest expense now eats up to 25.4% of EBIT v/s 19.3% (JQ-10) and 22.4% (MQ-11)

Also note that Promoter holding has considerably reduced to 21% from 29% Quarter ago and from 43% year ago.
I am not sure if this is because of allotment of employee stock options and preferential allotment to Regington Investments Pvt Ltd, a subsidiary of the company.

A look at the segments:
INDIA sales up 38.6%, PBIT up 42.6% with a margin of 3.3%
Oversease sales and PBIT up 57% with a margin of 1.8%
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