Financial Daily from THE HINDU group of publications
Tuesday, Apr 27, 2004

Cross Currency

Group Sites

Corporate Results - Engineering

Elgi Equipments posts rise in net sales, profit in Q4

Our Bureau

Coimbatore , April 26

ELGI Equipments Ltd, manufacturers of compressors and automotive equipment, has witnessed a substantial increase in net sales and net profit in the fourth quarter of 2003-04 compared to the corresponding period in 2002-03.

The company's full year sales performance recorded a 31 per cent increase while its profit before tax (PBT) saw a jump of 74 per cent.

The net sales (less excise duty) in the fourth quarter stood at Rs 77.09 crore against Rs 68.12 crore. The profit after tax was Rs 11.9 crore (Rs 7.1 crore).

However, the profit after extraordinary items such as VRS compensation and actionable claim written off was less at Rs 2.5 crore (Rs 4.09 crore).

For the full year, the company recorded net sales (less excise duty) of Rs 290.51 crore (Rs 221.39 crore) and the profit after providing for extraordinary items was Rs 19.05 crore (Rs 11.39 crore).

The board has declared a final dividend of 60 per cent taking the total dividend to 120 per cent for the full year.

More Stories on : Engineering

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Elgi Equipments posts rise in net sales, profit in Q4

Taj GVK net rises 38 pc; declares 15 pc final
Zydus posts higher Q4 net
Orchid Chemicals net up 59%
Virudhunagar Mills net profit drops to Rs 5.48 cr
TVSE net up 10 pc in Q4
HCL Tech Q3 net up 58 pc; to pay 100 pc interim
Nucleus joins bonus bandwagon — Net up 15.7 pc despite lower sales
Hindalco posts 44% growth in net profit
Sterling Biotech Q1 profit up 46.7 pc
Regency Ceramics net up at Rs 18.43 cr
Indian Bank net doubles to Rs 406 cr

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line