The company's sales have increased sharply in the 1QFY01 by 33.5% YoY to Rs 245m. Due to a 38% increase in operating expenses, the company's operating margins have fallen from 17.1% in 1QFY00 to 14.2% in the 1QFY01.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy) (m)
Diluted number of shares
Diluted Earnings per share*
The decline in margins are a result of lower price realisations continuing from the previous year as well as additional expenses related to brand launch and development of its automotive business. The company is trying to increase its presence in automotive batteries, which is currently the stronghold of Exide Industries Ltd.
Higher interest and depreciation costs have resulted in a decline in operating margins from 12.9% in 1QFY00 to 9.2% in 1QFY01
On the current price of Rs 72 it is trading on 3.8x FY2000 EPS of Rs 18.9.
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