Goodlass Nerolac net profit leap 110% - Views on News from Equitymaster

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Goodlass Nerolac net profit leap 110%

Oct 24, 2000

Goodlass Nerolac, the market leader in the industrial paint segment, has posted a 110% jump in net profits from Rs 52 m in 2QFY00 to Rs 110 m in 2QFY01. The advancement of festive season has helped the company in clocking 27% rise in sales. Operating margins have gone up by 3% to 11% in 2QFY01. This, on the back of rising raw material prices and slowdown in automobile sales is definetely a creditable performance.

(Rs m) 2QFY00 2QFY01 Change
Sales 1,268 1,557 22.8%
Other Income 15.2 35.7 134.9%
Expenditure 1,163 1,386 19.1%
Operating Profit (EBDIT) 105 172 63.2%
Operating Profit Margin (%) 8.3% 11.0%  
Interest 25 10 -59.4%
Depreciation 27 49 81.0%
Profit before Tax 68 148 117.9%
Other Adjustments - - -
Tax 16 39 142.8%
Profit after Tax/(Loss) 52 110 110.3%
Net profit margin (%) 4.1% 7.1%  
No. of Shares (eoy) (m) 15.3 15.3  
Diluted number of shares 15.3 15.3  
Diluted Earnings per share 13.6 28.7  
(annualised)      
P/E (FY01 earnings) - 4.4  
Market cap/Sales - 0.3  

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