May 13, 2000|
Nirma's profit rises 37% in FY2000
Nirma Ltd reported a profit of Rs 2.3 bn (37% rise) in FY2000 on a turnover of Rs 14.5 bn (16% rise) over the previous year.
The operating margins of the company increased to 22% due to cost control measures initiated by the company.
|Operating Profit (EBDIT)
|Operating Profit Margin (%)
|Profit before Tax
|Profit after Tax/(Loss)
|Net profit margin (%)
|Earnings per share
In the current year, the company has changed the method of providing depreciation on fixed assets on some of the projects and machines acquired on modernisation at Mandali, Dhank and Pithampur. Consequent to this change the depreciation has increased by Rs 25.7 m in FY2000 and profit has decreased to that extent.
Nirma Ltd is trading at a P/E of 13 times its FY2000 earnings with a market cap to sales ratio of 2 times.
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