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Absence of Y2K affects BFL bottomline - Views on News from Equitymaster
 
 
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  • Jan 13, 2000

    Absence of Y2K affects BFL bottomline

    BFL Software, last year, had almost 25% turnover accruing from Y2K which is not there in the current quarter. Hence only a 22.5% jump in turnover. The company is also following an accelerated depreciation policy. These two together are primarily responsibe for the loss.

    (Rs m) 3QFY2000 3QFY1999 Change
    Income from operations 297.8 243.2 22.5%
    Other Income 4.8 6.1 -21.3%
    Expenditure 293.0 170.6 71.7%
    Interest 0.4 0.1 234.5%
    Depreciation 35.5 13.8 157.0%
    Profit before Tax (26.3) 67.7 -138.8%
    Tax 1.6 2.0 -19.5%
    Profit after Tax (27.9) 62.7 -144.5%
    Net profit margin -9.4% 25.8%  

     

     

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