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MICO third quarter net jumps 69% - Views on News from Equitymaster

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MICO third quarter net jumps 69%

Nov 1, 1999

Motor Industries Company Limited (MICO) has reported an impressive 69% jump in its net profit to Rs 316 m in 3QFY2000. Sales was up by 18% to Rs 3.8 bn during the period. Growth in vehicle demand has spurred MICO's bottomline.

  3QFY2000 3QFY1999 Change
Net Sales 3,818 3,232 18.1%
Other Income 66 94 -29.3%
Expenditure 3,090 2,609 18.5%
Interest 3 11 -75.5%
Depreciation 336 385 -12.6%
Profit before Tax 455 322 41.3%
Tax 144 135 6.7%
Profit after Tax 316 186 69.3%
Net profit margin 8.3% 5.8%  


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