Tisco has reported an encouraging performance for the year ended March 01. The company's earnings excluding adjustments on account of VRS, soared by 89%, higher than market expectations.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy) (m)
Diluted Earnings per share
P/E (at current price)
Its operating margins too improved sharply by 400 basis points fueling the bottomline growth. Excellent working capital management, by reduction in interest cost and inventory added to the profit growth.
At the current market price of Rs 140 Tisco is trading at a P/E of 9 times FY01 earnings.
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