NIRMA LIMITED
Q1 FY2011 RESULTS
COMPARISON
=NON CONSOLIDATED FIGURES=
Net Sales at Rs.821.20 cr is – up by 6.2% from previous quarter, Q4 FY2010 (Rs.773.09 Cr) - Down by 2.3% from corresponding Quarter (Rs.840.22 Cr) - and up proportionately (Q1 FY2011 x 4) by 5.4%from FY2010 (Rs.3117.95 Cr).
Profit from Operations is Rs.55.77 Cr is a huge up by 126.5% from previous quarter (Rs.24.62 Cr) - but DOWN by 36.3% from corresponding quarter (Rs.87.50 Cr) - and proportionately down by 25.1% from FY2010 (Rs.297.86 Cr).
Net Profit at Rs.47.22 Cr is UP by 81.7% from previous quarter (Rs.25.99 Cr) - DOWN by 26.2% from corresponding quarter (Rs.64.01 Cr) - and down proportionately by 20.6% from FY 2010 (Rs.237.94 Cr) .
Basic EPS is Rs.2.97 up by 82.2% from previous quarter (Rs.1.63) – but down by 26.1% from corresponding quarter (Rs.4.02) – and down proportionately by 20.5% from FY2010 (Rs.14.95).
CURRENT Market Price is Rs.201. Unless, there is good improvement in coming quarters, the annual EPS at this rate will be around Rs.12. On this Annual estimated EPS – the PE RATIO is around 16.75
Nirma is trying to install a cement Plant – which is still in Land acquisition problems in courts.
RESULTS IN FIGURES :
Jun-10 | Mar-10 | dif%1 | Jun-09 | dif%2 | dif%3 | ||
Net Sales | 82120 | 77309 | 6.2 | 84022 | -2.3 | 311795 | 5.4 |
SIT & WIP | 1033 | 1444 | -28.5 | 1087 | -5 | -680 | -707.6 |
Raw Materials | 35633 | 31314 | 13.8 | 34869 | 2.2 | 125402 | 13.7 |
Traded Goods | 323 | 530 | -39.1 | 698 | -53.7 | 3687 | -65 |
Employees Cost | 2998 | 2812 | 6.6 | 2664 | 12.5 | 11345 | 5.7 |
Depreciation | 7007 | 8723 | -19.7 | 6572 | 6.6 | 28756 | -2.5 |
Other Exp | 29549 | 30024 | -1.6 | 29382 | 0.6 | 113499 | 4.1 |
Total Exp | 76543 | 74847 | 2.3 | 75272 | 1.7 | 282009 | 8.6 |
Profit.Operations | 5577 | 2462 | 126.5 | 8750 | -36.3 | 29786 | -25.1 |
Other Income | 226 | 482 | -53.1 | 994 | -77.3 | 1917 | -52.8 |
Profit B I & EI | 5803 | 2944 | 97.1 | 9744 | -40.4 | 31703 | -26.8 |
Interest | 786 | 702 | 12 | 527 | 49.1 | 3172 | -0.9 |
Profit A I B B EI | 5017 | 2242 | 123.8 | 9217 | -45.6 | 28531 | -29.7 |
Except.Items | 145 | -788 | -118 | 338 | -57.1 | 15 | 3766.7 |
Profit before tax | 4872 | 3030 | 60.8 | 8879 | -45.1 | 28516 | -31.7 |
Tax expense | 150 | 431 | -65.2 | 2478 | -93.9 | 4722 | -87.3 |
P A T | 4722 | 2599 | 81.7 | 6401 | -26.2 | 23794 | -20.6 |
Net Profit | 4722 | 2599 | 81.7 | 6401 | -26.2 | 23794 | -20.6 |
Dividend.% | - | 90 | - | 90 | |||
Face Value | 5 | 5 | 0 | 5 | 0 | 5 | 300 |
Paid Up Equity | 7957 | 7957 | 0 | 7957 | 0 | 7957 | 300 |
Reserves | - | - | - | 259141 | |||
Basic EPS A EI | 2.97 | 1.63 | 82.2 | 4.02 | -26.1 | 14.95 | -20.5 |
Public holding.% | 22.83 | 22.83 | 0 | 22.83 | 0 | 22.83 | 300 |
ANNOUNCEMENTS
TO THE EXCHANGE
31-07-2010 Nirma Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 82120 lacs for quarter ending on 30-JUN-2010 against Rs. 84022 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 4722 lacs for the quarter ending on 30-JUN-2010 against Rs. 6401 lacs for the quarter ending on 30-JUN-2009. -
15-07-2010 Nirma Limited has informed the Exchange that:(1) The Annual General Meeting of the Company is scheduled to be held on August 16, 2010. (2) The Company has fixed Book closure from August 07, 2010 to August 16, 2010 (both the days inclusive) for the purpose of payment of dividend and for the purpose of Annual General Meeting. Further, the dividend, if approved, will be paid on or after August 18, 2010. -
01-06-2010 Nirma Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 31, 2010 have recommended Dividend of Rs.4.50 per share on 159142282 equity shares of Rs.5/- each for the Financial Year 2009-10. -
01-06-2010 Nirma Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 77309 lacs for quarter ending on 31-MAR-2010 against Rs. 82349 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 2599 lacs for the quarter ending on 31-MAR-2010 against Rs. 6003 lacs for the quarter ending on 31-MAR-2009. -
01-06-2010 Nirma Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 462038 lacs for year ending on 31-MAR-2010 against Rs. 457482 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 24933 lacs for the year ending on 31-MAR-2010 against Rs. 13300 lacs for the year ending on 31-MAR-2009. -
01-06-2010 Nirma Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 311795 lacs for year ending on 31-MAR-2010 against Rs. 303017 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 23794 lacs for the year ending on 31-MAR-2010 against Rs. 9343 lacs for the year ending on 31-MAR-2009. -
31-03-2010 Nirma Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on March 31, 2010, has approved the following subject to the approval of members of the Company, Hon'ble High Court of Gujarat and other appropriate authority pursuant to Section 391 to 394 of the Companies Act, 1956, the: (1) Scheme of Arrangement in the nature of demerger and transfer of the demerged undertaking viz. "Cement & Mining Division" of Nirma Credit and Capital Private Ltd., to the Company, (2) Scheme of Amalgamation of Nirma Consumer Care Ltd., a Wholly Owned Subsidiary, with the Company.
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