Friday, May 28, 2010

BRITANNIA INDUSTRIES - FY10 - PROFITS & EPS DOWN


Britannia Industries Limited
RESULTS REVIEW
FY10 VS FY 09

Britannia Industries Limited has released its FY10 results. The performance is lower compared to FY 09.
The consolidated, non-consolidated and Quarterly results are below :

CONSOLIDATED RESULTS
COMPARISON
Net sales has increased by 10.22 percent. But, expenditure has increased by 12.64%. Profit from operation is down by 32.11 percent and Net profit is down by 31.89 percent on consolidated basis.
Basic EPS(in Rs.) is also down to Rs.43.19 in FY10 from Rs.63.41last year.

FY10(lakhs)
%Age
Net Sales
377084
342123
10.22
Other Oprtg Income
1970
1498
31.51
Stock in trade and WIP
-2726
-1962
38.94
Raw Materials
202981
192899
5.23
traded goods
41423
20969
97.54
Employees Cost
15790
15871
-0.51
Depreciation
5823
6591
-11.65
Other Expenditure
103618
91363
13.41
Total Expenditure
366909
325731
12.64
Profit from Operations
12145
17890
-32.11
Other Income
4302
2328
84.79
Interest
1599
2393
-33.18
Exceptional items
3981
-1801
-321.04
Tax Expense
557
5302
-89.49
Net Profit (+)
10310
14324
-28.02
Minority Interest
14
-803
-101.74
Shares of Associates
-22
-21
4.76
Consol. Net Profit
10318
15148
-31.89
Dividend (%)
-
-
Face Value (in Rs.)
10
10
0
Paid-up Equity
2389
2389
0
Reserves
25891
69748
-62.88
Basic EPS(in Rs.)
43.19
63.41
-31.89
Diluted EPS (Rs.)
43.18
63.4
-31.89


STAND ALONE RESULTS
COMPARISON
The stand alone Net sales are up 9.29 percent YOY. But, total expenditure is also up by 13.58 percent. Hence, Net profit is down by 35.42 percent YOY.
Basic EPS ( Rs.) is down to Rs.48.77 in FY 10 from Rs.75.51 in FY 09.

FY10(lakhs)
%Age
Net Sales
340140
311221
9.29
Other Oprtg Income
1520
1490
2.01
Stock in trade and WIP
-2135
-1961
8.87
Raw Materials
187714
176706
6.23
 traded goods
31312
16294
92.17
Employees Cost
9952
9602
3.65
Depreciation
3755
3346
12.22
Other Expenditure
97287
84693
14.87
Total Expenditure
327885
288680
13.58
Profit from Operations
13775
24031
-42.68
Other Income
4011
2453
63.51
Interest
423
1170
-63.85
Exceptional items
5286
2063
156.23
Tax Expense
427
5211
-91.81
Net Profit (+)
11650
18040
-35.42
Dividend (%)
250
400
-37.5
Face Value (in Rs.)
10
10
0
Paid-up Equity
2389
2389
0
Reserves
37236
80065
-53.49
Basic EPS ( Rs.)
48.77
75.51
-35.41
Dil. EPS(Rs.)
48.75
75.51
-35.44





QUARTERLY RESULTS
 COMPARISON
The Q4  Net sales are up by 2.67 percent compared to Q3 and 5.11 percent compared to Q4 of FY 09. But, the expenditure is up by 4.83 percent compared to Q3, and 9.92 percent compared to Q4 of FY 09.
Basic EPS in Q4 is down to 12.18 from 24.71 in Q3, down by 50.7 percent, and compared to Q4,FY09 EPS of 22.3, down by 45.38 percent.

Britannila- qtrly
10-Mar
9-Dec
%Age
9-Sep
9-Jun
9-Mar
%Age2
88139
85851
2.67
73124
81828
83854
5.11
Raw Materials
47728
47281
0.95
38761
44957
51070
-6.54
Traded Goods
8962
7382
21.4
5419
4163
3666
144.46
Other Expdr
25220
24059
4.83
20271
21513
22943
9.92
Total Expenditure
85290
79411
7.4
68042
76125
77962
9.4
Net Profit
2910
5907
-50.7
4737
4615
5330
-45.4
Dividend (%)
-
-

-
-
-
Face Value (In Rs
10
10
0
0
10
10
0
Paid Up Equity
2389
2389
0
-
2390
2389
0
Basic EPS
12.18
24.72
-50.7
19.83
19.32
22.3
-45.38
Diluted EPS
12.18
24.72
-50.7
19.82
19.32
22.3
-45.38


Thus, over all, the performance of Britannia  has taken a beating slightly in FY 2010 compared to FY 2009, due to more than proportionate expenditure increase.

ANNOUNCEMENTS TO THE EXCHANGE

27-05-2010        Britannia Industries Limited has informed the Exchange regarding a press release dated May 27, 2010, titled "Britannia sales grow 9%; Recommends Dividend of 250% & sub-division of shares".
27-05-2010        Britannia Industries Limited has informed the Exchange that at the Meeting of the Board of Directors of the Company held on May 27, 2010 has recommend to the members to declare at the ensuing annual General Meeting, a dividend for the year ended March 31, 2010 at the rate of Rs. 25/- (Rupees Twenty Five Only) per equity share of Rs. 10/- each to the eligible members.       -
27-05-2010        Britannia Industries Limited has informed the Exchange that the Board of Directors at its meeting held on May 27, 2010 approved the following proposal: Sub-division of each Equity Share of the Company of the face value of Rs. 10/- each fully paid up into 5 Equity Shares of the face value of Rs. 2/- each on and from the Record Date to be announced after the proposal is approved by the shareholders at the forthcoming Annual General Meeting.     -
27-05-2010        Britannia Industries Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 377084 lacs for year ending on 31-MAR-2010 against Rs. 342123 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 10318 lacs for the year ending on 31-MAR-2010 against Rs. 15148 lacs for the year ending on 31-MAR-2009.     -
27-05-2010        Britannia Industries Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 340140 lacs for year ending on 31-MAR-2010 against Rs. 311221 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11650 lacs for the year ending on 31-MAR-2010 against Rs. 18040 lacs for the year ending on 31-MAR-2009.

No comments:

Post a Comment