Matsushita Television and Audio net jumps 1100% - Views on News from Equitymaster

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Matsushita Television and Audio net jumps 1100%

Jan 28, 2000

Matsushita reported a net profit of Rs 9.6 m for 3QFY2000, which is a rise of 1100%. The topline grew by 32% which was the main driver to net. Its quantity of TV's sold went up by 51% over the corresponding period of the previous year and audio sets went up by 27% for this period. The fall in interest costs also boosted the bottomline

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 476.5 361.4 31.8%
Other Income 0.1 3.6 -97.2%
Expenditure 435.7 323.4 34.7%
Interest 9.6 14.7 -34.7%
Depreciation 21.7 26.1 -16.9%
Profit before Tax 9.6 0.8 1100.0%
Tax - -  
Profit after Tax/(Loss) 9.6 0.8 1100.0%
Net profit margin (%) 2.0% 0.2%  

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