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Guj NRE Coke Q1 FY09 PAT at Rs 94.4 cr

Published on Fri, Jul 18, 2008 at 14:43 , Updated at Fri, Jul 18, 2008 at 18:53
Source : CNBC-TV18

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Guj NRE Coke has announced it's Q1 FY09 results. The net profit was up 120% at Rs 94.4 crore versus Rs 42.8 crore. Its net sales was up 153% at Rs 378 crore versus Rs 149 crore. OPM went down at 35% from 42%.

The company has announced 2:5 bonus issue but defered rights issue. 
 
Key Factors:

Topline driven by higher volumes & realizations

Rising coke prices generated better per unit realization

OPM declined due to higher other expenditure

Other Expenditure increased by 76% at Rs 33.62 crore vs Rs 19.01crore

Particulars Jun-08 Mar-08 Dec-07 Sep-07
Net Sales / Interest Earned / Operating Income 377.64 380.64 242.8 102.07
Other Income 4.48 18.72 9.77 11.52
Total Income 382.12 399.36 252.57 113.59
Expenditure -251.16 -293.36 -168.31 -84.63
Operating Profit 130.96 106 84.26 28.96
Interest -9.73 -11.17 -8.09 -7.1
Profit Before Depreciation and Tax 121.23 94.83 76.17 21.86
Depreciation -7.54 -5.76 -6.02 -5.99
Profit before Tax 113.69 89.07 70.15 15.87
Tax -19.29 -24.87 -20.18 -3.32
Net Profit 94.4 64.2 49.97 12.55
Equity Capital 337.09 337.02 324.04 288.11

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gujnre

rms71,please not that if its from borrowed money 2you are a short term investor and you have other pressing requi...

in Guj NRE Coke - JAGDISH GABA at 12-Oct-08 08:19

Gujarat NRE has resistance at Rs 77-80:E Mathew

Does he mean that this share can reach that resistance level in near term....

in Guj NRE Coke - vkk43 at 12-Oct-08 05:12

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