CONTAINER CORPORATION OF INDIA = Q4 FY 2011 RESULTS = SALES UP = NET PROFITS DOWN QOQ BUT UP YOY

Container Corporation of India Limited

NSE Symbol        CONCOR

CONTAINER CORPORATION OF INDIA  has declared its q4 fy 11 results.

Net Sales has increased to Rs.995.38 cr – up by 2.5% from Q3; by 5.42% from Q2; up by 8.68% from Q1; and up by 4.72% from Q4 of FY 10. Thus, sales has gone up reasonably in Q4 FY 11.

Total Expenditure is Rs.        800.82 cr – up by 10.62% from Q3; Up by 11.41% from Q2 ; Up by 13.73% from Q1; and up by 4.42% from Q4 FY 10.

Profit from Operations is Rs.194.56 Cr – down by 21.29% from Q3; down by 13.69% from Q2; down by 8.12% from Q1; but up by 5.95% from Q4 FY 10.

Profit before tax is Rs.246.19 Cr – down by 16.56% from Q3; down by 6.56% from Q2; down by 0.59% from Q1; but up by 10.95% from Q4 FY 10.

Net Profit is Rs.201.37 cr – Down by 11.87% from Q3; down by 2.59% from Q2; up by 4.06% from Q1; and up by a good 16.59% from Q4 of FY 10. Thus, NPT is up YOY but DOWN QOQ for 2 qtrs.

Basic EPS is Rs.15.49 against a face Value of Rs.10 on Q4 FY11; Rs.17.58 in Q3; Rs.15.9 in Q2; Rs.14.89 In Q1; and Rs.13.29 in Q4 of FY 10.The annual EPS works out to Rs.63.86 (total for 4 qtrs).

Mp :Rs.1260 on  FV of Rs.10/-. Hence PE Ratio works out to 19.73.

While current PROFIT margins are reasonable, it was not increasing in last few quarters. Expenditure was going up at higher rate than sales in FY 11.

RESULTS TABLE :

CONTAINER CORP	31-Mar-11	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10
Net Sales	99537.96	97113.37	94418.36	91588.63	95053.29
Employees Cost	2290.41	2092.26	1936.57	2024.1	1902.21
Depreciation	3853.25	3347.28	3645.98	3522.07	3645.14
Other Expenditure	73937.99	66956.1	66294.72	64866.06	71142.91
Total Expenditure	80081.65	72395.64	71877.27	70412.23	76690.26
Profit from Operations	19456.31	24717.73	22541.09	21176.4	18363.03
Other Income	5163.05	4786.54	3806.5	3588.37	3827.31
Profit before tax	24619.36	29504.27	26347.59	24764.77	22190.34
Tax expense	4493.2	6546.12	5672.4	5413.37	4871.3
Extraordinary Items	-10.86	109.85	1.97	-	46.97
Net Profit	20137.02	22848.3	20673.22	19351.4	17272.07
Face Value (In Rs	10	10	10	10	10
Paid Up Equity	12998.28	12998.28	12998.28	12998.28	12998.28
Basic EPS	15.49	17.58	15.9	14.89	13.29
Diluted EPS	15.49	17.58	15.9	14.89	13.29
Public holding (%)	36.91	36.91	36.91	36.91	36.91

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