Mcnally Bharat net up 25.50% in Jun`07 qtr
Result Analysis: Mcnally Bharat net up 25.50% in Jun`07 qtr Mcnally Bharat Engineering Company reported good increase in net profit for the quarter ended June 2007. During the quarter, the profit rose 25.50% to Rs 43.80 million from Rs 34.90 million in the corresponding quarter, last year. Net sales for the quarter rose 1.80% to Rs 1,111.60 million, compared with the corresponding quarter, a year ago. Operating margins improved to 8.20% during the quarter, a rise of 244.40 basis points compared with the corresponding quarter, a year ago. Net margins, on the other hand, rose to 3.93% from 3.19%, for the period in comparison. The company`s earnings per share (EPS) on a trailing twelve month basis stood at Rs 6.87. At the closing price of Rs 190.90, on Sep. 14, 2007 at the BSE, the company`s shares were valued at 27.80 times its earnings on a trailing twelve month basis.
| As at | June 2007(3) | June 2006(3) | %Change |
| Rs million | Rs million | ||
| Sales of Products/Services | 1111.60 | 1091.90 | 1.80 |
| Other Income | 3.00 | 0.80 | 275.00 |
| Total Income | 1114.60 | 1092.70 | 2.00 |
| Total Expenses | 1020.50 | 1029.10 | (0.84) |
| Stock Adjustments | 0.00 | 0.00 | |
| OPBDIT | 91.10 | 62.80 | 45.06 |
| Operating Margin(%) | 8.20 | 5.75 | 244.40 bp* |
| Interest | 25.50 | 18.30 | 39.34 |
| Depreciation | 5.00 | 5.20 | (3.85) |
| ExtraOrdinary Items | 0.00 | 0.00 | |
| Prior Period Adjustments | 0.00 | 0.00 | |
| Provision for Tax | 19.80 | 5.20 | 280.77 |
| After Tax Profit | 43.80 | 34.90 | 25.50 |
| Net Mar gin(%) | 3.93 | 3.19 | 73.57 bp* |
| EPS in reported Period (Rs) | 1.64 | 1.32 | 24.24 |
| * bp - basis points |
