RANE (MADRAS) LIMITED
Q1 FY2011 RESULTS
COMPARISON
RANE MADRAS has produced much improved results for Q/E June 2010 compared to corresponding qtr ending June 2009 and proportionate results of last FY2010.
Net Sales for Q1 FY2011 has increased by 42.8% to Rs.130 cr from Rs.91 for Q1 FY2010.This is higher by 25.2% compared to proportionate sales of Rs.415 Cr of FY2010.
Profit from Operations for Q1 FY2011 is more by 75.9% to Rs.7.38 Cr – compared to Rs.4.19 Cr of Q1 FY2010 and by 21.3% compared to proportionate OPT (of Rs.24 Cr) in FY2010.
Net Profit in Q1 FY 2011 is up by 157.7% to Rs.4.61 Cr – compared to Rs.1.79 Cr – and by 33.4% compared to the proportionate NPT (out of Rs.14 Cr) in FY2010.
Basic EPS is Rs.4.53 compared to Rs.1.76 in Q1 FY2010 (+157.4%) and compared to Rs.13.59 for FY2010 (+33.3% proportionately). Full Year EPS for FY2011 may be between 18 and 20.
RANE(MADRAS) has done very well in Q1 FY2011 – compared to previous quarters including Q1 FY2010 and last full year.
The share price is Rs.133.Thus PE Ratio on forward earnings for FY2011 comes to 7.39. The company may improve further during the year – judging by the trend in last 5 quarters.
RESULTS IN FIGURES:
Jun-10 | Jun-09 | DIF%1 | Dif&2 | ||
Net Sales | 12996.9 | 9103.3 | 42.8 | 41507.24 | 25.2 |
Other Optg Income | 157.01 | 84.6 | 85.6 | 458.35 | 37 |
SIT&WIP | -505.04 | 105.64 | -578.1 | 200.21 | -1109 |
Raw Materials | 9098.56 | 5828.5 | 56.1 | 27052.62 | 34.5 |
Employees Cost | 1285.21 | 947.68 | 35.6 | 4209.3 | 22.1 |
Depreciation | 229.9 | 241.64 | -4.9 | 936.97 | -1.9 |
Other Expenditure | 2306.96 | 1644.7 | 40.3 | 7131.31 | 29.4 |
Total Expenditure | 12415.6 | 8768.1 | 41.6 | 39530.41 | 25.6 |
Profit from Operations | 738.29 | 419.81 | 75.9 | 2435.18 | 21.3 |
Other Income5 | 34.91 | 16.28 | 114.4 | 111.37 | 25.4 |
P B I & EI | 773.2 | 436.09 | 77.3 | 2546.55 | 21.5 |
Interest6 | 116.24 | 158.25 | -26.5 | 542.43 | -14.3 |
P A I B U EI | 656.96 | 277.84 | 136.5 | 2004.12 | 31.1 |
P B T | 656.96 | 277.84 | 136.5 | 2004.12 | 31.1 |
Tax expense | 196.2 | 99.04 | 98.1 | 622.88 | 26 |
P A T | 460.76 | 178.8 | 157.7 | 1381.24 | 33.4 |
Net Profit | 460.76 | 178.8 | 157.7 | 1381.24 | 33.4 |
Dividend (%) | - | - | 20 | ||
Face Value (In Rs | 10 | 10 | 0 | 10 | |
Paid Up Equity | 1016.41 | 1016.4 | 0 | 1016.41 | |
Reserves | - | - | 7228.58 | ||
Basic EPS A EI | 4.53 | 1.76 | 157.4 | 13.59 | 33.3 |
Diluted EPS A EI | 4.53 | 1.76 | 157.4 | 13.59 | 33.3 |
Basic EPS B EI | 4.53 | 1.76 | 157.4 | 13.59 | 33.3 |
Diluted EPS B EI | 4.53 | 1.76 | 157.4 | 13.59 | 33.3 |
Public Shareholding (%) | 45 | 45 | 0 | 45 |
ANNOUNCEMENTS
TO THE EXCHANGE
20-07-2010 Rane (Madras) Limited has informed the Exchange regarding the press release with respect to the Unaudited Financial result for the quarter ended June 30, 2010.
20-07-2010 Rane (Madras) Limited has informed the Exchange that the AGM held on July 19, 2010, the members have: - 1) Adopted the Audited Balance Sheet as at March 31, 2010 and Profit & Loss account for the year ended March 31, 2010 together with the report of the Directors and Auditors. 2) Declared a final dividend of Rs. 2/- per equity shares of Rs. 10/- each on 101,641,45 equity shares of Rs. 10/- each fully paid-up, for the year ended March 31, 2010. 3) Re-appointed Mr.Harish Lakshman and Mr. V Narayanan as directors of the company. 4) Re-appointed M/s Price Waterhouse & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next AGM on a remuneration as may be determined by the Board of Directors of the Company. 5) Appointed Mr. T Mukherjee as Director of the Company. 6) Approved the payment of Commission to Mr. L Ganesh, Chairman of the Company not exceeding 1% of the net profit of the Company.
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