• APRIL 20, 2000

BFL net profit plummets.

The company has made a provision of Rs 28 m towards e-structuring skills of employees.

(Rs m) FY1999 FY2000 Change
Sales 976 1,207 24%
Other Income 25 27 8%
Expenditure 664 1,111 67%
Operating Profit (EBDIT) 312 96 -69%
Operating Profit Margin (%) 32.0% 8.0%  
Interest 7 1 0%
Depreciation 5 8 60%
Profit before Tax 266 12 -95%
Other Adjustments  
Tax 5 8 60%
Profit after Tax/(Loss) 261 4 -98%
Net profit margin (%) 26.7% 0.3%  
Earnings per share 26.71 0.45  

It has entered into a share swap agreement with Mphasis Corporation USA. Y2k revenues have shown an increase of 62% over the previous year. 14 new customers were added during the year.

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