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Higher depreciation charge hits Birla 3M's bottomline. - Views on News from Equitymaster

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  • Mar 28, 2000 - Higher depreciation charge hits Birla 3M's bottomline.

Higher depreciation charge hits Birla 3M's bottomline.

Mar 28, 2000

Birla 3M's profitability has been hit primarily due to the change in the depreciation norms by the company itself.The depreciation charged to the profit and loss account is higher by Rs.46.7 mn, which includes Rs 38.3 mn for the previous year. If one were to adjust for this the Net Profits has grown by more than 5 times in the latest quarter as compared to the corresponding quarter of last year.

(Rs m) FY1999 FY2000 Change
Sales 339 405 19.4%
Other Income 0 4 1790.0%
Expenditure 307 357 16.3%
Operating Profit (EBDIT) 32 48 49.1%
Operating Profit Margin (%) 10% 12%  
Interest 12 6 -50.9%
Depreciation 7 15 105.4%
Profit before Tax 14 30 54.5%
Other Adjustments - 38  
Tax 5 17 281.4%
Profit after Tax/(Loss) 9 (25) -378.6%
Net profit margin (%) 2.6% -6.1%  


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