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Goodlass Nerolac net profit leap 110% - Views on News from Equitymaster
 
 
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  • Oct 24, 2000

    Goodlass Nerolac net profit leap 110%

    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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