Indian Stock Market

Media Video net rises 2.12 times for Jun `07 qtr

Delhi-based company Media Video reported (Q, N,C,F)* a phenomenal jump in net profit for >the quarter ended June 2007. During the quarter, the company`s profit rose 2.12 times to Rs 31.75 million from Rs 14.95 million in the same quarter last year.

Sales for the quarter rose 34.96% to Rs 640.57 million compared with the corresponding quarter, a year ago.

Total income rose 29.05% to Rs 641.64 million for the quarter ended June 2007 from Rs 475.60 million for the same period last year.

The EPS stood nil for the quarter ended June 200 7 as compared with the EPS of Rs 0.56 for the same quarter last year.

Quarterly results (Rs in mn)
As at	June 2007(3)	June 2006(3)	%Change
Net Sales	640.57	474.65	34.96
Net Profit	31.75	14.95	112.37
EPS	0.00	0.56	-

&n bsp;

 

 

 

 

 

Yearly Result

Media Video, which is engaged in the manufacturing and marketing of consumer electronics and durables, posted a net profit of Rs 115.65 million for the year ended Jun. 30, 2007 as compared with Rs 74.46 million for the year ended Jun. 30, 2006, an increase of 55.31%.

For the financial year ended June 2007, the company`s net sales jumped 46.11% to Rs 2,366.31 million compared with Rs 1,619.49 million for the year ended June 2006.

Total income for the year rose 46% to Rs 2,370.64 million compared with Rs 1,623.77 million last year.

The EPS rose 39.86% to Rs 4.07 for the year ended June 2007 from Rs 2.91 last year.

 

 

 

 

 

 

 

 

The company manufactures a wide range of products such as TV games, emergency lights, fans and flashlights. It is an OEM for Eveready Industries India for the manufacture of their flashlights. Media Video also undertakes job works for injection molding of plastic components and assembly of electronic products, tailor-made as per its customer`s requirements.

Shares of the company declined Rs 4, or 4.94%, to trade at Rs 77. The total volume of shares traded was 507,339 at the BSE.(Friday)