Alkyl Amines Chemicals (506767) Q4 01/02 earnings summary

Executive summary

• FY 2001-02 returned to profit after the prior-year loss, with total income up 20% YoY to Rs.9,559 lakh; no dividend was recommended to conserve resources.

• Operating recovery reflected higher volumes, improved facility utilisation, tighter cost controls, better sourcing and marketing.

Financial highlights

• Revenue was Rs.9,558.52 lakh versus Rs.7,969.67 lakh in FY 2000-01; PBT was Rs.278.46 lakh versus a loss of Rs.842.58 lakh, and PAT was Rs.172.25 lakh versus a loss of Rs.842.69 lakh.

• Operating profit before interest, depreciation and tax was Rs.1,794 lakh versus Rs.660 lakh; interest and financial expenses were Rs.1,061 lakh and depreciation Rs.455 lakh.

• Export turnover rose 19% YoY to Rs.2,407 lakh FOB; foreign-currency use was Rs.809 lakh, mainly for imported raw materials, traded goods, stores and spares.

Outlook and guidance

• April 1–May 18, 2002 sales turnover was Rs.12.6 crore, comparing favourably with the prior-year period; demand showed positive growth for some products.

• FY 2002-03 prospects were supported by new-plant volumes, Custom Manufacturing contributions, yield improvements and cost reduction; no quantified annual guidance was stated.