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Goldstone third quarter profit doubles .

Apr 20, 2000

The company was formerly known as Goldstone Engineering Limited.

(Rs m) 3QFY1999 3QFY2000 Change
Sales 81 114 41%
Other Income 1 2 100%
Expenditure 67 90 34%
Operating Profit (EBDIT) 14 24 71%
Operating Profit Margin (%) 17.3% 21.1%  
Interest 3 2 0%
Depreciation 2 4 100%
Profit before Tax 10 20 100%
Other Adjustments -    
Tax - - 0%
Profit after Tax/(Loss) 10 20 100%
Net profit margin (%) 12.3% 17.5%  
Earnings per share 8.34 5.45  

The above results include the results of Goldstone softech USA Inc and Newtech Stewing Telecom Ltd which are subsidiaries of the company. Around 2,90,000 warrants have been allotted to 150 employees out of the 4,00,000 warrants assigned to a trust. The company was formerly known as Goldstone Engineering Limited.

It has declared a dividend of 15% for the current year.The company is actively engaged in banking automation solutions and e-commerce.


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