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Response from bartronics management regarding other income
Posted by :
harshmunjalur message is incomplete, pls complete it...
Response from bartronics management regarding other income
Posted by :
shilac
I had sent an email regarding the other income and I got a prompt response from the Bartronics management.
Please see below -
Dear Ms. Chaudhury,
Post declaration of results for the quarter, the management had explained this item in the results as:
...
Can somebody explain !!
Posted by :
GuestYou mean market is going up?...
Can somebody explain !!
Posted by : The KnightCan some body explain why the price of Bartronics is going down . Also please mention the immediate support points....
Good Accountant
Posted by : GuestCan we sugguest for a good accountant for Bartronics ?...
Whats going on here?
Posted by : Guest
Now a days, it become a practice & Custom for Bartronics to Get heavy qualifications in Auditors report.
I am observing from last one year and almost in every quarter and including in annual report, they got heavy qualifications.
Every one should be aware that, getting a qualification is not an ordinary thing, and it will be done only when the management is reluctant to adopt correct accounting policies.
Also, Shareholders are not much bothering about the qualifications and purchasing these shares blindly.
Also, i am not sure, but it appears from the auditors report that management is hiding some facts.
The vague explanations given in the auditors report itself tells that Management is hiding some facts to general public.
I dont feel that company have good corporate governance.
...
Good results
Posted by : harshmunjali haven`t said that their deferred tax liability is 5.00 cr, if u read the notes they have added 5.00 cr to this qtr deferred tax and i have added that figure for the final profit of rs. 20 cr...
Good results
Posted by : shilacdeferred tax liability is not 5 Cr, it is about 16 Cr. from next quarter, tax outgo should reduce substantially. it should be around 6-7 Cr, which should improve the profitability. If you look at pure operating performance,QoQ, revenue up 6.78% from 162 Cr to 175 Cr and EBITDA up 4.6% from 51.67 Cr to 54.16 Cr. So, nothing to worry aout. Only problem with this company is the accounts are not very clear. Hopefully, Q3 results should be very good and will give a more clear picture on the company`s performance...
Good results
Posted by : harshmunjali don`t know whether next qtr they will be able to show that rs 21 cr other income stuff, some body tell me what is that, however take that off from profit figure the company is left with only (35cr-(21cr less tax on other income rs 7 cr) 21 cr profit and if u deduct earlier year foreign exchange loss of 6 cr which has been reversed and added u are left with only 15 cr consolidated profit of course u can add Rs. 5.00 cr earlier year deferred tax the provision for which has been done in this qtr then we are having final profit from operation i.e rs. 20 cr somebody explain me how u read this figure and what impact it will have on stock price...
Query >BARTRONICS
Posted by : gvananthaswamyWhat is the scenario for this stock after six months. Can we accumulate this stock now? Kindly advise. Thanks....
Good results
Posted by : fundoobull1very good results. Bartronics right on track....
Good results
Posted by : shilac
Please consider there is a huge tax outgo this quarter due to the deferred tax liabilities as pointed out by the auditors.
So, from next quarter, the tax liabillities will come down significantly.
Plus, the revenues from AapKedwar project will start to kick in. Q3 should be 250 Cr plus and Q4 might be 300 Cr plus. Overall, 900 Cr is revenue should be possible. Annual EPS ahould be 40 at least.
Even if we give a reasonable PE multiple of 7-8, it should reach 300 comfortably in the next 6-9 months....
Good results
Posted by : prjayachandran
The company has reported standalone net profit of Rs.14.58 crores and consolidated net profit of Rs.35 crores on consolidated sales of Rs.175 crores for quarter ending September 2009.
The fully diluted EPS for the quarter is Rs.9.17 which makes the half year`s fully diluted EPS of Rs.15.43.
The company Chairman had given a sales guidance of Rs.1000 crores for FY 2009-10, of which Rs.323 crores has only been achieved by the first half. It needs to more than double its turnover during the second half of the financial year.If this happens and if the NPM is maintained, this can mean a full year EPS of Rs.45.
Let us wait and see if the company is able to achieve this....
great bounce back
Posted by : fundoobull1Bartronics had a great bounce back. Let us see what happens on Tuesday....
Book profit in Bartronics to re-enter at lower levels: Be and Make (10/9/9)
Posted by : Be and Make
Dear manju – Yes, most of times things are going as I expected. Actually be frank to say, I too wonder sometimes about my success rate :) I am almost going with the 80-90% success rate.
Thank god for being with me, I can’t say more than that.
All the best
Happy investing
With thanks
Be and make
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