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- May 20, 2004 - Tisco: Realisations 'sans' volumes growth
Tisco: Realisations 'sans' volumes growth
TISCO, the largest domestic private sector steel company, has continued its splendid financial performance by reporting a robust growth in topline as well as bottomline for the March 2004 quarter as well as for the full year (FY04). For the full year, TISCO's topline has increased by 23% while its bottomline has grown by a strong 73%. What is commendable about the performance is the continuous improvement in operating margins of the company, which have improved by 630 basis points in FY04 to almost 33%. The company has declared a 100% dividend for FY04.
| (Rs m) | 4QFY03 | 4QFY04 | Change | FY03 | FY04 | Change |
| Net Sales | 26,648 | 32,003 | 20.1% | 87,213 | 107,024 | 22.7% |
| Other Income | 130 | 398 | 206.9% | 504 | 1,405 | 178.8% |
| Expenditure | 18,664 | 20,168 | 8.1% | 64,193 | 72,070 | 12.3% |
| Operating Profit (EBDIT) | 7,984 | 11,834 | 48.2% | 23,020 | 34,954 | 51.8% |
| Operating Profit Margin (%) | 30.0% | 37.0% | 26.4% | 32.7% | ||
| Interest | 578 | (710) | -222.8% | 3,048 | 1,222 | -59.9% |
| Depreciation | 1,328 | 1,856 | 39.8% | 5,555 | 6,251 | 12.5% |
| Profit before Tax | 6,207 | 11,087 | 78.6% | 14,921 | 28,886 | 93.6% |
| Extraordinary items | (145) | (1,384) | (2,296) | (2,227) | ||
| Tax | 1,372 | 3,413 | 148.9% | 2,502 | 9,197 | 267.6% |
| Profit after Tax/(Loss) | 4,691 | 6,289 | 34.1% | 10,123 | 17,462 | 72.5% |
| Net profit margin (%) | 17.6% | 19.7% | 11.6% | 16.3% | ||
| No. of Shares | 368.0 | 369.2 | 368.0 | 369.2 | ||
| Diluted Earnings per share* | 68.1 | 47.3 | ||||
| P/E Ratio | 6.8 | |||||
| (* annualised) |
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