Mysore cement results

Here are the results declared by mysore cements for the quarter ending march 08. I had recommeded this stock for investment earlier with details and would now like to review the quarterly numbers of the company.
Figure are in lakhs
Net Sales/Income from Operations 18146.27
Other Income 887.59
Total Income 19033.86
Increase/Decrease in Stock 506.33
Consumption of Raw Materials 7227.40
Purchase of traded goods -
Employees Cost 1390.47
Depreciation 367.27
Other Expenditure 5723.68
Total Expenditure 15215.15
Interest 76.35
Exceptional items
-
Profit(+)/Loss(-) before tax 3742.36
Tax Expense 21.22
Net Profit(+)/Loss(-) after tax 3721.14
Extraordinary Items -
Net Profit (+) / Loss (-) for the period 3721.14
Dividend (%)
-
Face Value (in Rs.) 10.00
Paid-up Equity Share Capital 15801.88
Reserves excluding Revaluation Reserves -
Basic EPS before Extraordinary items (in Rs.) 2.33
Diluted EPS before Extraordinary items (in Rs.) 2.33
Basic EPS after Extraordinary items (in Rs.) 2.33
Diluted EPS after Extraordinary items (in Rs.) 2.33
Public Shareholding (Number of Shares) 64426449.00
Public Shareholding (%) 40.77
The company has been able to give a good performance in this quarter inspite of pressure from the govt to keep a check on the prices of cement to control inflation. The EPS of the company has risen from 1.23 in the previous quarter to 2.33 in this quarter showing a very healty improvemet. Calculated on an annual basis the stock is now available at a p/e of 4 which is very low showing there is significant room for improvement. A close look at the results have shown that the other income has a constituent of Rs 59 lakh on account of sale of assets of sponge iron plant and some further progress in the sale of steel plant assets in expected in this quarter. The board has also approved appointing consultants for suggestions on increasing shareholder value.