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Melstar's 2QFY01 profits up by 26% - Views on News from Equitymaster
 
 
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  • Oct 13, 2000

    Melstar's 2QFY01 profits up by 26%

    Melstar Information Technologies reported more than 100% jump in revenues in 2QFY01. However profits for the second quarter increased marginally to Rs 22 m due to additionally investment in infrastructure and manpower costs.

    (Rs m) 2QFY00 2QFY01 Change
    Sales 77 159 107.8%
    Other Income 1 3 116.7%
    Expenditure 55 135 146.1%
    Operating Profit (EBDIT) 22 25 12.3%
    Operating Profit Margin (%) 28.6% 15.5%  
    Interest 2 0 -81.0%
    Depreciation 3 5 36.4%
    Profit before Tax 18 22 26.0%
    Tax - -  
    Profit after Tax/(Loss) 17.7 22.3 26.0%
    Net profit margin (%) 23.1% 14.0%  
    No. of Shares (eoy) (m) 9.9 12.2  
    Diluted number of shares 12.2 12.2  
    Diluted Earnings per share* 5.8 7.3  
    *(annualised)

    During the year the company has acquired entire shareholding on Linkhand Ltd. U.K , the non Swiss business of Itc Consulting GMBH at U.K and the balance shareholding of Global Systems Development Inc, US.

    At the current market price of Rs 70, Melstar is trading at a P/E of 10 times its 2QFY01 annualised earnings.

     

     

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