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Digital's excellent results.

May 4, 2000

Digital Equipment India Ltd. was a subsidiary of Digital Equipment worldwide and is engaged in the manufacture of computer hardware such as computers,servers,workstations and peripherals.

(Rs m) FY99* FY00* Change
Sales 2,488 613 -75%
Other Income 460 97 -79%
Expenditure 2,225 478 -79%
Operating Profit (EBDIT) 263 135 -49%
Operating Profit Margin (%) 10.6% 22.0%  
Interest 7 - -
Depreciation 40 11 -73%
Profit before Tax 676 221 -67%
Other Adjustments -  
Tax 133 13 -90%
Profit after Tax/(Loss) 543 208 -62%
Net profit margin (%) 21.8% 33.9%
Earnings per share 16.59 6.36 -62%

* The results for FY99 pertain to an 11 month and 26 day period ending 30th June 1999.

* The results for FY00 pertain to an 9 month and 4 day period ending 31st March 2000.

It is also actively involved in the provision of services such as software solutions for clients such as client server solutions, networking, software development, implementation and maintenance. Recently Digital worldwide was taken over by Compaq and as a result Digital India has also come under the wing of Compaq. This should facilitate more of synergy between the company and Compaq enabling it to market Compaq products more efficiently.

The figures for 1999 are for 12 months and those for 2000 only for 9 months which do not include the income from sale of domestic products and services which were sold to Compaq on 26-6-99 which is when the current financial year began from. The board has declared a dividend of 15% in view of the excellent results.However the bulk of the net profits for the current year of Rs 209 m came from other income of Rs 97 m which is interest on short term deposits.The company has also shifted its registered office from Mumbai to Bangalore.

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