MICO has reported a net profit growth of 51% for FY2000. - Views on News from Equitymaster

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  • Mar 24, 2000 - MICO has reported a net profit growth of 51% for FY2000.

MICO has reported a net profit growth of 51% for FY2000.

Mar 24, 2000

MICO has reported a net profit of Rs 1,058 m in FY2000, a growth of 51.4% YOY. Its operating margins have improved from 16% in FY99 to 17% in FY2000 The main drivers to profits are a sales growth of 16%, other income jump of 34% and interest costs which have fallen by 91%.

(Rs m) FY1999* FY2000* Change
Sales 12,982 15,100 16.3%
Other Income 323 433 34.2%
Expenditure 10,840 12,598 16.2%
Operating Profit (EBDIT) 2,142 2,502 16.8%
Operating Profit Margin (%) 16% 17%  
Interest 82 7 -91.4%
Depreciation 1,374 1,377 0.3%
Profit before Tax 1,009 1,551 53.7%
Other Adjustments 170 157 -7.6%
Tax 480 650 35.4%
Profit after Tax/(Loss) 699 1,058 51.4%
Net profit margin (%) 5.4% 7.0%  
* Year ending 31st December

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