India Coffee House Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (8343)	10/13/1999 2:12:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Electrosteel Castings net profit up 57% electrosteel.com (Electrosteel Castings Limited is a four decade old company with a turnover close to (US$ 100 million) and profit over (US$13.75 million). We are the only Indian company manufacturing Ductile-Iron spun pipes. In addition we also have manufacturing facilities for Cast Iron Spun Pipes . We have a large customer base in both India and abroad.) ==================== 13-10-1999 13:08:07 (Probity) In Q2 FY2000, Electrosteel Castings has recorded a net profit of Rs231.8mn, a growth of 56.7% yoy. The net sales have risen to Rs1152.9mn, a growth of 25.4% yoy. The other income has declined by 22% yoy. Operating profit of the company has increased to Rs386.6mn, a growth of 38.3% yoy. Operating margin has improved substantially from 27% (Q2 FY99) to 32% in Q2 FY2000. Improvement in margins is due to the higher proportion of ductile iron pipes (a value added, high margin product) in the product mix and closure of loss making Ghaziabad plant.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next