The Hindu Business Line : Alfa Laval net up 31% at Rs 91.50 cr

Pune, May 1 Alfa Laval India Ltd has posted a net profit of Rs 91.49 crore over sales income of Rs 713.29 crore during the 2007 calendar year, registering 31 per cent growth in PAT and 17.68 per cent increase in income over 2006.

The EBITDA for the year grew to Rs 144.1 crore from Rs 115.2 crore. The company has declared a final dividend of 150 per cent, taking the total dividend payout during the year under review to 250 per cent.

Mr Giuseppe Falciola, Chairman of the board, said that the group was moving more production to India and had plans to incur capital expenditure of Rs 40 crore (through the company’s internal accruals) during the current year to expand and improve its manufacturing facilities.

Alfa Laval India plans to introduce 30 new products during 2008 to serve both the domestic and export markets, he said, including tubular heat exchangers, and high speed separators.

Mr Falciola added that the company was also scouting for land for setting up a new facility for further expansion that would happen a year or two from now.

During the first quarter of 2008, the company’s sales income was Rs 166 crore, a six per cent growth year-on- year. Profits, however, were affected by depreciation of the euro and stood at Rs 33.07 crore compared with Rs 34 crore in the corresponding quarter of the previous year, Mr Nish Patel, Managing Director, said adding that the order book was up 19 per cent.

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