Anant Raj Limited (515055) Q4 04/05 earnings summary

Executive summary

• FY05 turnover including other income was ₹23.27 crore, down from ₹29.07 crore, as production lines were slowed or temporarily stopped for maintenance and modernization. Net profit after tax was ₹28.998 lakh.

• Modernization and added capacity were completed; production was reported at optimum capacity, while diversification into real estate was planned.

Financial highlights

• Sales and other income totaled ₹2326.69 lakh versus ₹2907.00 lakh in FY04; sales alone were ₹2251.29 lakh versus ₹2866.11 lakh.

• Profit before tax was ₹33.50 lakh versus ₹77.30 lakh; profit after tax was ₹28.998 lakh versus ₹61.614 lakh.

• Basic and diluted EPS was ₹0.15 versus ₹0.42.

• Exports were ₹373.28 lakh versus ₹567.73 lakh; export decline was attributed to competitive export markets.

Outlook and guidance

• Tile production facilities were expected to reach an economic scale of 12,000 sq. m per day, versus 6,860 sq. m per day in FY05.

• Higher volumes, production modernization and economies of scale were targeted to support profitability; diversification was also expected to improve overall profitability.

• Real estate plans included a 85-room hotel, residential projects in Kapashera and Bhati, commercial complexes at Tejpul, and a potential motel at Sahoorpur.