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Tata Infotech net slumps 50%

Jan 22, 2000

Tata Info has posted a sharp decline of 50.2% in net profit to Rs 183.9 m. The company's sales have improved marginally by 8% to Rs 3.2 bn. In the past the company depended heavily on Unisys for marketing support in the USA. But this year it has set up its own marketing offices which has led to increase in expenditure. However the results of the increased marketing would show up only after some time. Hence the dip in operating margins as well as net margins.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 3,163.3 2,928.3 8.0%
Other Income 67.6 60.6 11.6%
Expenditure 2,877.6 2,429.2 18.5%
Interest 23.7 17.2 37.8%
Depreciation 125.7 103.0 22.0%
Profit before Tax 203.9 439.4 -53.6%
Tax 20.0 70.0 -71.4%
Profit after Tax/(Loss) 183.9 369.4 -50.2%
Net profit margin (%) 5.8% 12.6%  

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