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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4234)	5/9/1999 11:43:00 AM
From: Mohan Marette	Respond to of 12475

BPL net up 20% to Rs 102.4 cr bplsys.com bplsys.com bplsys.com bplmobile.com Our Bangalore Bureau 8 MAY.1999 In FY99, BPL Ltd, the consumer electronics major, has posted a 19.75 per cent rise in net profit on a turnover that has risen 11 per cent. The board, which met here today, has recommended a final dividend of 35 per cent. Taken with the interim dividend of 25 per cent, this makes for a total dividend of 60 per cent. Labour unrest affected the company's operations in the latter part of 1998-99, and seems to have affected the company's performance — growth rates in 1998-99 are lower than in 1997-98. In 1997-98, BPL's net profit went up by 76.5 per cent, while net sales rose 35.7 per cent. For 1998-99, BPL has posted a net profit of Rs 102.47 crore compared with Rs 85.57 crore in FY98. The company has attributed this to a strong brand image, staying in touch with customer needs, changing lifestyle patterns, and introduction of new products. Exports contributed Rs 118 crore to BPL's turnover, which represents a rise of 32.5 per cent over the previous fiscal. But, for the labour unrest which cost the company substantially in exports during the peak Christmas season, exports could have been much higher. Exports have been boosted mainly by the good performance of the alkaline batteries. BPL exported nearly 58 million alkaline batteries during the year as against 33 million in the previous year, posting a growth of 74 per cent. CTV (colour televisions) exports rose 11 per cent. BPL, which exports computer monitors to the US, added new products like speakers, colour picture tubes and other TV components to its export basket in 1998-99. In its core business of CTVs, BPL has recorded a 31.57 per cent increase in sales. It has retained the number one slot in the CTV market with a sale of 851,000 units. For the quarter ended 31 March 1999 (Q4), BPL has posted gross sales of Rs 533.2 crore (Rs 436.3 crore), a growth of 22 per cent. Gross profit stands at Rs 55.84 crore (Rs 39.79 crore). Net profit is Rs 32.3 crore (Rs 19.54 crore), a 65 per cent increase over the corresponding quarter of the previous year. The company's paid up equity capital is Rs 27.7 crore while reserves stand at Rs 433.69 crore. The company has said it is confident of mitigating Y2K-related problems by September 30, 1999. This is likely to cost it about Rs 21 crore. As it is dependent on suppliers for critical materials and services, it is maintaining a continuous follow-up with them as to the status of their Y2K-compliance. It is also developing contingency plans to deal with any disruption of operations due to them not being Y2K-compliant. economictimes.com

To: Mohan Marette who wrote (4234)	5/9/1999 3:24:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Two-wheeler sector - Riding High in the Fast Lane (With fuel-efficient and environment-friendly 4-stroke engines, the two-wheeler market is Riding high ) Motorcycles have registered a growth of 27 per cent as compared to the industry growth of 10 per cent. While the mopeds segment has grown 4 per cent the scooter segment has remained static. By V.K. Shashikumar with Chetan Krishnaswamy/Bangalore There could hardly be a great paradox. . The economy may be sluggish, but the two-wheeler market is in top gear. New motorcycles and scooter models have stormed the market, thanks to increasing demand for fuel efficiency, power and style. It is boom time for bikes when much else is going bust............ the-week.com