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Stovec improves its last quarter performance

Apr 13, 2000

Stovec Industries recorded a net profit of Rs 4 m in the last quarter of its FY2000. It has posted a loss of Rs 8 m during the corresponding period in the previous year. Its turnover jumped 25% to Rs 100 m during the same period. "Stovec manufactures rotary and cylindrical screens, pre-sensitized graphic plates, industrial printing machinery and sintered components and ferrites, which find use in the textile and paper printing industries."

(Rs m) 4QFY99 4QFY00 Change
Sales 80 100 25.0%
Other Income -1 4 -
Expenditure 80 89 11.3%
Operating Profit (EBDIT) 0 11 -
Operating Profit Margin (%) 0.0% 11.0%  
Interest 4 4 0.0%
Depreciation 4 4 0.0%
Profit before Tax -8 8 -
Tax 0 4 -
Profit after Tax/(Loss) (8) 4 -
Net profit margin (%) -10.0% 4.0%  

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