'Modison Metals has registered 8% increase in sales (net of excise/GST) to Rs 47.60 crore for the quarter ended March 2018. But with 310 bps contraction in operating profit margin to 11% has dragged the operating profit down by 15% to Rs 5.24 crore. Hit further by lower other income and higher depreciation the fall at PBT before EO was down by 22% Rs 3.43 crore. With EO expense stand higher with a swing of Rs 1.68 crore to Rs 0.13 crore, the fall at PBT after EO stood higher by 45% to Rs 3.30 crore. Taxation was down by 52% to Rs 0.99 crore and thus the PAT was down by 41% to Rs 2.32 crore. Other comprehensive expense (net of tax) was down by 86% to Rs 0.01 crore and thus the net profit was down by 40% to Rs 2.31 crore.