Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 26, 2006 |
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Financial Performance Corporate Results - Hardware Moser Baer Q3 PAT at Rs 13 cr Our Bureau
New Delhi , Jan 25 MOSER Baer India today registered a profit after tax of Rs 13.04 crore (post write-back of deferred tax) for the third quarter ended December 2005 against a net loss of Rs 31.73 crore in the year-ago period. The company's gross revenues stood at Rs 439.5 crore, reflecting an increase 19 per cent over the corresponding previous period. "EBITDA at Rs 110.7 crore is stable on a sequential basis, while it grew by 59.1 per cent over the corresponding quarter of the previous year. EBITDA margin (excluding other income) at 22.7 per cent (in the quarter under review) is substantially higher than 15.3 per cent (earlier), and has marginally fallen from 23.5 per cent on a sequential basis," said a company statement. The company achieved a profit before tax of Rs 6.68 crore, compared to pre-tax loss of Rs 22.4 crore earlier, and said that the trend was expected to gain further momentum as sales volumes continue to grow, pricing and margins remain firm. "We reduced the amount of capital expenditure due to efficiencies and as a result, the credit has come in deferred taxation," said Mr Yogesh Mathur, Group CFO. The key highlight of the quarter was the robust increase of shipment volumes for optical media, which grew by 17 per cent on a sequential basis. While DVD-R/RW sales volumes continue to grow at a healthy pace, there has been an expected surge in the sales volumes of CD-R/RW format, which grew 24 per cent sequentially. The company's plans to increase annual capacities from 2.4 billion to 2.8 billion disks is progressing as per schedule, the release added.
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