Thursday, July 15, 2010

KIRLOSKAR ELECTRIC CO = FY10 CONSOLIDATED & STAND ALONE RESULTS + PROPORTIONATELY LOWER PROFITS IN Q4


Kirloskar Electric Company Limited


INTRODUCTION

Kirloskar Electric Company Limited is one of the large Engineering and Manufacturing companies in India. Established in 1946, Kirloskar Electric ushered the Indigenous Electrical Manufacturing Industry in India.
 
Kirloskar Electric makes more than 70 products under 8 different product groups catering to core sectors of the economy like Power Generation, Transmission and Distribution, Industrial Power, Transportation, Renewable Energy, etc.

 
Kirloskar Electric Network consists of :

  •  9 Manufacturing Facilities for multiple products.
  •  34 Sales offices spread across the country and 3 Offices abroad
  •  Wide network of 47 Spares Dealers and 100+ Service centers with 200+ Dealers enable the company to      efficiently serve and advise the customers on suitable products, systems, services at competitive prices.
 
Kirloskar Electric Company is the first company to make Electric Motors in India.

Kirloskar Electric has declared its Q4 FY10 results and its standalone and consolidated results for FY11.

These are given below :
The results for Q4 FY10 are reflecting a slightly lower profit compared to the whole of FY2010. For the whole year, the net profit is  Rs.37.59 Cr – while for Q4, the same is Rs.5.54 Cr.
Basic EPS on consolidated basis is Rs.9.59 and on stand Alone Basis, it is Rs.6.95 while for Q4, it is Rs.1.01.While is Q4 Sales is slightly higher proportionately, the Profit and EPS are proportionately much less- even at operational level – due to higher expenditure.
The current Market Price is Rs.85.40 – and seems to be adequately priced at present. The further results for Q1 FY11 need to indicate the further progress, if any.


FY10Consol
Nonconsol
Q4FY10
Net Sales
118285
84073
22698
SIT&WIP
965
-968
217
Raw Materials
72064
61115
16296
Traded goods
4937
1366
557
Employ.Cost
17843
7556
1555
Depreciation
2308
1756
246
Other Expdr
12425
7441
2857
Total Expdr
110542
78266
21728
Profit(Operations)
7743
5807
970
Other Income
1558
1195
233
P B I&EI
9301
7002
1203
Interest
3016
2257
556
P A I&BE.EI
6285
4745
647
Exceptional items
-45
-64
138
P B T
6330
4809
509
Tax Expense
1145
1050
-45
Profit after tax
5185
3759
554
Net Profit
5185
3759
554
Consolidated Net Profit
5096
Dividend (%)

-
-
Face Value (in Rs.)
10
10
10
Paid-up Equity
5052
5052
5052
Reserves
-
-
-
Basic EPS
9.59
6.95
1.01
Public holding.%
50.84
50.84

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