Subros Limited
NSE Symbol SUBROS
SUBROS LIMITED has performed reasonably in q4 FY 11.
Net Sales in Q4 FY 11 is at Rs.303.67 cr – up by 11.13% from Q3; Up by 9.16% from Q2; UP by 29.78% from Q1 FY 11; and UP by 21.75% from Q4 of FY 10.
Total Expenditure in Q4 FY 11 is Rs.287.47 cr – up by 9.26% from Q3; up by 6.6% from Q2; up by 29.32% from Q1; and up by 23.31% from Q4 of FY 10.
Profit from Operations in Q4 FY 11 is Rs.16.85 cr – up by 58.22% from Q3; up by 86.19% from Q2; Up by 40.89% from Q1 and up by just 1.69% from Q4 of FY 10. The more than proportionate increase in expenditure in Q4 FY 11 compared to Q4 FY 10 has resulted in lower growth in OPT.
Profit before tax in Q4 FY 11 is : Rs.11.56 cr – up by 74.36% from Q3; up by 144.4% from Q2; Up by 40.29% from Q1; BUT DOWN BY 12.02% from Q4 FY 10. The higher interest burden in Q4 FY 11 has reduced the PBT considerably.
Net Profit is Rs.10.96 cr – up by 98.55% from Q3; Up by 125.05% from Q2; Up by 53.93% from Q1 FY 11; and UP BY 21.51% from Q4 FY 10. The improvement at this stage (of NPT) is due to the much lower (almost 1/7th) TAX EXPENSE in Q4 FY 11 compared to Q4 FY 10.
Basic EPS for Q4 FY 11 is Rs.1.83; against Rs.0.92 in Q3; Rs.0.81 in Q2; Rs.0.19 in Q1; and Rs.1.5 in Q4 FY 10.
Thus, while sales has shown good improvement of 21.75% YoY in Q4 FY 11; the NPT has grown by 21.51% mainly due to LOWER TAX EXPENSES. Raw Material cost has grown considerably YoY. Hence, Q1 FY 12 results need watch.
RESULTS TABLE :
SUBROS | 31-Mar-11 | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 |
Net Sales | 30367 | 27326 | 27819 | 23398 | 24943 |
Raw Materials | 22521 | 20793 | 21841 | 17223 | 17857 |
Employees Cost | 1589 | 1724 | 1560 | 1540 | 1583 |
Depreciation | 1084 | 1013 | 1016 | 949 | 984 |
Other Expenditure | 3395 | 2925 | 2774 | 2432 | 2450 |
Total Expenditure | 28747 | 26310 | 26966 | 22229 | 23312 |
Profit from Operations | 1685 | 1065 | 905 | 1196 | 1657 |
Interest | 541 | 402 | 432 | 372 | 343 |
Profit before tax | 1156 | 663 | 473 | 824 | 1314 |
Tax expense | 60 | 111 | -14 | 112 | 412 |
Net Profit | 1096 | 552 | 487 | 712 | 902 |
Face Value (In Rs | 2 | 2 | 2 | 2 | 2 |
Paid Up Equity | 1200 | 1200 | 1200 | 1200 | 1200 |
Basic EPS | 1.83 | 0.92 | 0.81 | 1.19 | 1.5 |
Public holding (%) | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 |
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