Max Corpn amalagmation propels Max India's numbers - Views on News from Equitymaster

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  • Apr 26, 2000 - Max Corpn amalagmation propels Max India's numbers

Max Corpn amalagmation propels Max India's numbers

Apr 26, 2000

The company amalgamated its wholly owned subsidiary Max Corpn during the year. This subsidiary held a 49% stake in Hutchinson Max the cellular licensee for Mumbai which the company eventually sold at a price of Rs 5.49 bn. For the future the company has planned a foray into insurance for which it has already has tied up 76:24 joint venture with New York Life. Within Max India the focus is on setting up healthcare delivery mechanisms in alliance with Harward Medical International.

(Rs m) 4QFY1999 4QFY2000 Change
Sales 263 644 144.9%
Expenditure 201 404 101.0%
Operating Profit (EBDIT) 62 240 287.1%
Operating Profit Margin (%) 24% 37%  
Interest 16 45 171.3%
Depreciation 18 27 52.0%
Profit before Tax 28 169 504.3%
Tax 2 24 1090.0%
Profit after Tax/(Loss) 26 145 459.1%
Net profit margin (%) 9.8% 22.5%  

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