Sales fall by 11% to 33.4 crores and net profits decline by 39% to Rs. 2.15 crores on YoY basis.

On QoQ bais sales rise by 21% . There was a loss of 34 lacs in Q3.

For the year ending March 2007, the EPS stands at Rs. 5.73 against Rs. 15.83 in FY 2006.

Currently stocks trade at around rs. 103 range.

We do not expect the stock to remain at these levels for long. We expect a correction from these levels in 2-3 months scenario.