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Birla consolidates. - Views on News from Equitymaster
The company is promoted by the M.P Birla group and was incorporated in 1992 in a technical cum financial collaboration with Ericsson Cables, Sweden.
It manufactures both optical fibre cables which are presently in use and much faster than jelly filled cables which are also manufactured by the company.
The company has shown a steady increase in revenue mainly on account of increased demand for optical fibre cables. However due to increasing raw material costs, profit margins are more or less constant. The future is extremely bright for the company.
(Rs m)
FY99
FY00
Change
Sales
1,261
1,575
24.9%
Other Income
9
5
-44.4%
Expenditure
1,008
1,326
31.5%
Operating Profit (EBDIT)
253
249
-1.6%
Operating Profit Margin (%)
20.1%
15.8%
Interest
73
34
0.0%
Depreciation
68
76
11.8%
Profit before Tax
121
144
19.0%
Tax
13
39
Profit after Tax/(Loss)
108
105
-2.8%
Net profit margin (%)
8.6%
6.7%
Earnings per share
3.60
3.50
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