Surya Roshni Limited - First quarter results - Q1 FY 2013 - NET SALES UP 7% YoY; Net Profit up 22% YoY

Surya  Roshni  Limited

First quarter results

Q1 FY 2013

The first quarter results for P/E June 2012 are analysed below :

Net Sales for Q1 FY 13 stands at Rs.628.38 Cr; down by  -22.3% from Q4 FY 12(Rs.808.68 Cr); and up by 6.92% from Q1 FY 12 (Rs.587.69 Cr). Net Sales have improved 7% YoY but is down 22.3% QoQ.

Total Expenditure    for Q1 FY 13 stands at Rs.592.58 Cr; down by -20.9% from Q4 FY 12(Rs.          749.20 Cr); and up by 5.46% from Q1 FY 12 (Rs.561.89 Cr).

EBITDA     for Q1 FY 13 stands at Rs.35.80 Cr; down by   -39.81% from Q4 FY 12(Rs.        59.48 Cr); and up by 38.76% from Q1 FY 12 (Rs.25.80 Cr).EBITDA has decreased QoQ 36%; but has improved 39% YoY.

Net Profit  for Q1 FY 13 stands at Rs.11.90 Cr; down by -45.44% from Q4 FY 12(Rs.        21.81 Cr); and up by 21.8% from Q1 FY 12 (Rs.9.77 Cr). Net Profit has fallen 45.44% QoQ but has improved 22% YoY.

Diluted EPS      for Q1 FY 13 stands at Rs.2.72 against Rs.4.98 in Q4 FY 12; and Rs.2.23 in Q1 FY 12. The March 2012 quarter shows heavier sales than other 4 Qtrs – along with Better Net Profit and EPS. Whether the Company can improve these levels in every quarter of current year over comparable preceding quarters is to be watched.

Total Public Shareholding =     20,057(No.Of Sh/Holders);          1,57,75,068 (Total  No.Of Sh);  35.99 (% of Sh in total shares);

52 week high/low price : 71.85/41.35

Current MP : Rs.51.50

RESULTS  TABLE

Surya Roshni	30-Jun-12	QoQ % Dif	31-Mar-12	YoY % Dif	30-Jun-11	31-Dec-11	30-Sep-11
Net Sales	62838	-22.3	80868	6.92	58769	63376	63110
Total Expenditure	59258	-20.9	74920	5.46	56189	59992	60169
EBITDA	3580	-39.81	5948	38.76	2580	3384	2941
Net Profit	1190	-45.44	2181	21.8	977	1323	717
Diluted EPS	2.72	-45.38	4.98	21.97	2.23	3.02	1.64
Net Sales	62838	-22.3	80868	6.92	58769	63376	63110
Total Income	62838	-22.3	80868		-	-	-
Changes in inventories of FGs/ WIP/ SIT	-1231	-110.75	11448	-52.8	-2608	-5532	-3332
Materials consumed	45576	0.08	45540	7.32	42468	46768	44575
Purchases of SIT	3845	-12.39	4389	30.96	2936	4500	3859
Employee benefits	2927	-39.82	4864	6.94	2737	2446	2603
Depreciation	1275	-9.7	1412	19.61	1066	980	1273
Other expenses	6866	-5.52	7267	-28.4	9590	10830	11191
Total expenses	59258	-20.9	74920	5.46	56189	59992	60169
Profit before tax	1351	-31.87	1983	20.63	1120	1460	998
Tax Expenses	161	-181.31	-198	12.59	143	137	281
Net Profit	1190	-45.44	2181	21.8	977	1323	717
Face Value (Rs )	10	0	10	0	10	10	10
Paid-up Equity	4383	0	4383	0	4383	4383	4383
Diluted EPS	2.72	-45.38	4.98	21.97	2.23	3.02	1.64
Public holding (%)	35.99	0	35.99	-4.51	37.69	37.69	37.69

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