Tuesday, July 13, 2010

EXIDE INDUSTRIES = Q1 FY 11 = EXCELLENT IMPROVEMENT = TOTAL FY11 COULD FURTHER IMPROVE



EXIDE INDUSTRIES LIMITED
Q1 FY11 RESULT
5 Qtrs comparison

Exide Industries has declared the result of q/e June 2010 and this is compared below with the previous 4 quarters performance.
As can be seen from the figures below, the company has performed better in Q1 FY11. Compared to preceding Quarters.
Net Sales has increased by 12% to Rs.1152 Cr in Q1 FY11 compared to Rs, 1028 Cr of Q4 FY10 and by 27.5% Rs.903 Cr in Q1 FY10.
Total Expenditure        has increased in Q1FY11 by 9% to Rs.908 Cr compared to Rs.834 Cr in Q4 FY10 and by 27.4% compared to Rs.  713 Cr in Q1 FY10.
Net Profit has increased by a healthy 22.9% to Rs.165.34 Cr in Q1 FY11, compared to Rs.134.54 Cr in Q4 FY10 and by 35.1% compared to Rs.122.40Cr in Q1 FY10
Basic EPS has also gone up to Rs.1.95 on a face value of Rs.1, compared to Rs.1.66 in previous Qtr. At this rate of improvement, Exide may clock an annual EPS of over Rs.8 to Rs.10 in FY11 on the Face value of Rs.1. the last year EPS 6.69 (stand alone).

Current Market price is Rs.135.40. Hence based on the likely EPS (about Rs.9) of FY11, the PE works out to 15.11.
What company says -
'The company's penetration strategy into the replacement market for commercial vehicles and tractor segment is paying off handsomely where sales grew by 14 per cent. Among other segments, motorcycle battery sales showed significant growth, improving 27 per cent in volume terms,' the company said in a statement.

Going by the progress of the company and its plans - it can achieve further improvement going forward in FY11.

QUARTERLY FIGURES FOR 5 QTRs :


Jun-10
Mar-10
dif%1
Dec-09
Sep-09
Jun-09
dif%2
Net Sales
115168
102801
12
91257
95031
90311
27.5
Other Optg Incom
40
227
-82.4
34
39
35
14.3
SIT&WIP
-153
-105
45.7
-9020
-2609
6807
-102.2
Raw Materials
67722
61571
10
60714
54549
45562
48.6
Traded Goods
1062
142
647.9
63
205
194
447.4
Employees Cost
6780
5717
18.6
5519
5915
5370
26.3
Depreciation
1942
2083
-6.8
1885
2215
1882
3.2
Other Expdr
13478
13953
-3.4
12144
12299
11468
17.5
Total Expenditure
90831
83361
9
71305
72574
71283
27.4
Op.Profit
24377
19667
23.9
19986
22496
19063
27.9
Other Income
616
571
7.9
102
114
89
592.1
P B I&EI
24993
20238
23.5
20088
22610
19152
30.5
Interest
134
259
-48.3
290
440
40
235
P B T
24859
19979
24.4
19798
22170
19112
30.1
Tax expense
8325
6525
27.6
6750
7203
6872
21.1
P A T
16534
13454
22.9
13048
14967
12240
35.1
Net Profit
16534
13454
22.9
13048
14967
12240
35.1
Dividend (%)
-
40

-
60
-
Face Value -Rs
1
1
0
1
1
1
0
Paid Up Equity
8500
8500
0
8000
8000
8000
6.3
Reserves
-
-

-
-
-
Basic EPS
1.95
1.66
17.5
1.63
1.87
1.53
27.5
Public holding (%)
54.01
54.01
0
51.13
51.13
51.13
5.6


Highlights of 2009-10

• Net turnover rises 12 per cent to Rs 3,794 crore
• Pays 40 per cent final dividend ; annual dividend 100 per cent
• ROCE and RONW rise to 42% and 44 per cent respectively
• Debt-Equity Ratio at 0.04 : 1



ANNOUNCEMENTS
TO THE EXCHANGE

13-07-2010        Exide Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 115168 lacs for quarter ending on 30-JUN-2010 against Rs. 90311 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 16534 lacs for the quarter ending on 30-JUN-2010 against Rs. 12240 lacs for the quarter ending on 30-JUN-2009.    -
23-06-2010        Exide Industries Limited has informed the Exchange that the annual general meeting of the members of the company is scheduled to be held on July 14, 2010.

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1 comment:

  1. Wonderful blog & good post.Its really helpful for me, awaiting for more new post. Keep Blogging!



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