Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
"IF YOUR BORN POOR ITS NOT YOUR FAULT BUT IF U DIE POOR ITS YOUR FAULT" -- Dhirubhai Ambani
FINANCIAL PERFORMANCE FOR THE YEAR:
Consolidated net revenues for the year stood at Rs. 10,113.5 million. This is 28.1%higher than net revenues of Rs. 7,897.5 million in FY2009. This significant increase isprimarily driven by strong performance in all the major segments of Time Tech businesses.
EBITDA amounted to Rs. 1,966.4 million, a growth of 25.9% over the Rs. 1,561.8 millionreported last year while the Net profit grew by 31.7% to Rs.908.8 million from Rs.690.1million last year.
For the year, the company has paid enhanced dividend @ 40 % as against the previousyear of 35 %.
Profit & Loss Statement for the year ended 31st March, 2010.
OUT LOOK :-
In the changed economic conditions, the economic centre of gravity is shifting from the developed markets to the developing markets This is a huge opportunity for the Asian economies.
In India , the demand for rigid polymer packaging-based products is growing at a rapid pace with increase in consumption further aided by shift to polymer products from metal products used earlier. With a wide spread marketing and distribution network, state-of-the-art technologically advanced manufacturing facilities, TimeTech is well poised to sustain and grow its market leadership in the Industrial Packaging space.
After assuming the market leadership in India, the company ventured into the other territories in Asia & Middle East & has strengthened its market positions in Middle East & Asian Region. Company's focus going forward will be to grow by mix of Green field projects and also by acquiring businesses wherever it sees the feasible opportunity. An expansion in the product portfolio with a focus on induction of new generation products, composite LPG cylinders and simultaneously expanding the Company'spresence in several Asian markets will drive the organic growth. On the inorganic frontthe Company will continue to explore strategic opportunities in the high growth vertical.
Given the inherent strengths the Company combined with huge market opportunities TimeTech is optimistic about delivering superior performance going forward.
Particulars (Rs. in million) | FY'2010 | FY'2009 | Shift % |
Net sales | 10,113.53 | 7,897.47 | 28.06 |
EBITDA | 1,966.40 | 1,561.77 | 25.91 |
Profit Before Tax | 1,278.60 | 1,031.24 | 23.99 |
Profit After Tax | 982.61 | 761.89 | 28.97 |
Minority Interest | 73.86 | 71.83 | 2.83 |
Net Profit | 908.75 | 690.06 | 31.69 |
India's largest power generating company NTPC Limited Monday reported a marginal increase in its net profit for the third quarter of the current fiscal year, which stood at Rs.2,371.48 crore.
"The unaudited Q3 PAT (profit after tax) of Rs.2,371.48 crore is also an improvement over unaudited PAT of Rs.2,364.98 crore declared over the corresponding quarter in the previous year," the company said in a statement.
The company reported an increase of 12.53 percent in its net profit of Rs.2,371.48 crore in the third quarter as compared to Rs. 2,107.38 crore which was declared in second quarter in the current fiscal.
"The unaudited PAT has shown a marked improvement over 2nd quarter PAT due to better operational efficiency and increased generation," the statement further said.
Meanwhile, the company's total income increased by 18.43 percent to Rs.14,165.90 crore in the third quarter as against Rs.11,961.31 crore reported in the corresponding period of fiscal 2009-10.
The company further said that it added an installed capacity of 33,194 MW in the third quarter of the current fiscal year.
State-run National Aluminium Company Limited (NALCO) Monday said its Q3 net profit registered 65 percent rise over the corresponding period in the previous fiscal due to lower operating cost and recovery of metal prices.
The company has registered in Q3 a net profit of Rs.256 crore (about $55 million) up 65 percent from Rs.155 crore achieved during the corresponding quarter of the previous fiscal, the company said here in a statement.
According to the reviewed financial results for Q3 of the financial year 2010-11, taken on record by the board of directors in a meeting held in New Delhi, the sales also jumped by 5 percent to Rs.1,523 crore, from Rs.1454 crore registered during the comparative period of the previous fiscal.
The operating cost during the quarter under review was lower by Rs.67 crore (6 percent) as compared to the Q3 of the previous year, the company said.
The signs of recovery as regards alumina and aluminium prices have also impacted Nalco's performance, the company said.
Two and three wheeler maker TVS Motor Company Ltd closed January with an overall sales growth of 30 percent.
The company sold 165,152 units (two wheelers 161,725 units, three wheelers 3,427 units) last month, up from 127,288 units (two wheelers 125,578 units, three wheelers 1,710 units) sold during January 2010.
The cumulative sales for the period April 2010 to January 2011 stands at 1,678,048 units (two wheelers 1,646,827 units, three wheelers 31,221 units).
The sales break up of two wheelers comprise scooters 40,736 units, motorcycles 67,721 units and mopeds 53,268 units last month. During January 2010, the company had sold 25,509 scooters, 54,498 motorcycles and 45,371 mopeds.
Last month, the company exported 19,498 two wheelers as against 16,074 units shipped out in January 2010.