Diamond Power Infrastructure (522163) Q4 97/98 earnings summary

Executive summary

• FY ended 30 Jun 1998 turnover rose 15% to Rs 3,466.00 lakh; net profit increased 20% to Rs 177.82 lakh, as reported by directors.

• Strong order booking and ongoing aluminium rod project expansion supported management’s positive outlook despite keen market competition.

Financial highlights

• Sales turnover reached Rs 3,466.00 lakh versus Rs 3,023.91 lakh; reported growth was 15% YoY.

• Net profit was Rs 177.82 lakh versus Rs 148.13 lakh, up 20% YoY; profit before tax was Rs 183.12 lakh versus Rs 158.88 lakh.

• Profit before interest and depreciation was Rs 393.50 lakh versus Rs 362.40 lakh; interest was Rs 144.80 lakh and depreciation Rs 65.58 lakh.

• Domestic sales were Rs 3,386.31 lakh and export sales Rs 8.36 lakh; prior-year export sales were Rs 287.40 lakh.

Outlook and guidance

• Directors cited a very good order-book position and expressed optimism for the year ahead.

• Aluminium rod project expansion was progressing, with most plant and machinery installed and completion planned by mid-1999.