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Voltas: The platform is set

Jun 10, 2004

Tata Group engineering major, Voltas Limited, has posted good results for the year ended FY04. The topline of the company grew by around 8%, whereas bottomline shot up at a higher rate of 53% YoY for the year ended FY04. Operating as well as net profit margins have improved marginally. Letís have a look at the results in detail.

(Rs m) 4QFY03 4QFY04 Change FY03 FY04 Change
Net sales 3,785 4,074 7.6% 12,304 13,299 8.1%
Other income 26 68 162.0% 164 193 17.4%
Expenditure 3,679 3,930 6.8% 12,057 12,972 7.6%
Operating profit (EBDITA) 106 144 35.5% 247 328 32.8%
Operating profit margin (%) 2.8% 3.5%   2.0% 2.5%  
Interest (7) 6 - 26 18 -29.4%
Depreciation 35 34 -4.0% 145 133 -8.5%
Profit before tax 104 172 65.5% 241 370 53.7%
Extraordinary items (20) 63 - 50 99 98.2%
Tax (40) 41 - 35 78 125.9%
Profit after tax/(loss) 124 193 55.2% 256 390 52.6%
Net profit margin (%) 3.3% 4.7%   2.1% 2.9%  
No. of shares (m) 33.1 33.1   33.1 33.1  
Diluted earnings per share (Rs)* 15.0 23.3   7.7 11.8  
P/E ratio (x)         9.3  
(* annualised)            

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