The Hindu Business Line : D-Link Q3 net doubles

HELPED by a sharp rise in other income and improved sales of locally designed and developed products, D-Link (India) Ltd has posted a net profit of Rs 8.02 crore for the quarter ended December 31, 2003, an increase of 101.63 per cent on Rs 3.97 crore recorded over the corresponding period in the previous year.

Other income spurted to Rs 1.98 crore in the third quarter of the current fiscal, as against Rs 27.26 lakh in the corresponding previous period.

Mr K.R. Naik, Chairman and Managing Director, D-Link India Ltd, told Business Line that sales of locally designed and developed products had also aided top-line growth. The margins on these products were around 40-45 per cent as against 20-25 per cent in the case of imported products.

Net sales for the quarter under review increased by 22 per cent to Rs 50.94 crore (Rs 41.71 crore) and PBDIT rose by 71.65 per cent to Rs 9.96 crore (Rs 5.80 crore).

The company provided interest of Rs 8.54 lakh (Rs 8.67 lakh), and depreciation of Rs 1.05 crore (Rs 0.90 crore) during the quarter under review.

For the nine months ended December 31, 2003, net sales increased by 18.63 per cent to Rs 152.22 crore (Rs 128.31 crore), while net profit rose by 56.61 per cent to Rs 26.58 crore (Rs 16.98 crore).

Going forward, the company expects to maintain its profitability, as other income was likely to remain constant given that no further investments were planned till March-end.