Kolkata, July 30, 2008: Usha Martin Limited, leading producer of speciality steel and one of the largest wire rope manufacturers globally, has posted improved performance. During the quarter ended 30th June, 2008, the key highlights of the consolidated financials were:
a) Gross sales grew by 36% to Rs.754.20 crores
b) Net Sales grew by 39% to Rs.698.69 crores
c) PBT grew by 82 % to Rs.100.83 crores
d) PAT grew by 73 % to Rs.65.08 Crores
e) Cash Profit grew by 80 % to Rs.104.94 Crores
f) EPS grew by71 % to Rs. 2.57 per share (FV Rs 1/-)
During the 1st quarter of the financial year 2008-09,the consolidated Profit before tax rose to Rs.100.83 crores from Rs.55.28 crores (an increase of 82%)and Profit after tax to Rs. 65.08 crores from Rs. 37.68 crores (an increase of 73 %). The net sales [net of inter segment adjustment] rose to Rs. 698.69 crores from Rs. 503.76 crores, registering a growth of 39 %.
Key Highlights of the quarter under review are:
a) Global Wire Ropes production grew by 10 % compared to corresponding period of previous year.
b) PBDIT margin at 22.9%.
c) Value added product share at 60 % of steel produced.
The capital expenditure plans for speciality steel capacity expansion to one Million Tonne and Wire ropes product capacity enhancements are progressing as per schedule.
Usha Martin has manufacturing facilities at Ranchi, Jamshedpur, Hoshiarpur, UK, Thailand, UAE and USA. It has created a worldwide distribution, service and marketing network spread across the US, UK, Europe, Africa, the Middle East, South East Asia and Australia.
No comments:
Post a Comment