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Decent results from Alok; plans to enter software - Views on News from Equitymaster
A 34% rise in the topline has led to a 67% growth in the bottomline. While operating margins have improved slightly, the company has provided for lower tax in the third quarter. Alok plans to enter the infotech sector by taking a stake in a US company apart from setting up another joint venture with a 60% stake.
(Rs m)
3QFY2000
3QFY1999
Change
Sales
999.5
746.3
33.9%
Other Income
0.1
-
Total Expenditure
825.8
629.8
31.1%
Interest
83.6
56.4
48.2%
Depreciation
21.1
15.3
37.9%
Profit before Tax
69.1
44.8
54.2%
Tax
2.5
5.0
-50.0%
Profit after Tax/(Loss)
66.6
39.8
67.3%
Net profit margin (%)
6.7%
5.3%
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