DISA India Limited (500068) Q4 01/02 earnings summary

Executive summary

• FY ended 31 Mar 2002: sales and services were Rs 198.06m; profit after tax rose to Rs 21.11m from Rs 20.77m, while profit after extraordinary items and prior-period adjustments was Rs 10.65m.

• Despite a difficult market, the year-end order book stood at Rs 52.739m; cost-control measures were initiated.

Financial highlights

• Total income was Rs 220.05m vs Rs 213.98m; profit before extraordinary items and tax was Rs 32.87m vs Rs 31.18m.

• Sales and services were Rs 198.06m vs Rs 195.55m; PAT was Rs 21.11m vs Rs 20.77m.

• A Rs 10.457m technical know-how write-off reduced profit after prior-period adjustments to Rs 10.651m; FY 2000-01 included a Rs 5.263m prior-period tax liability.

• Proposed dividend was 24%; Rs 10m was transferred to general reserve.

Outlook and guidance

• Management expected continued profit improvement through productivity gains and ongoing performance efforts.

• The year-end order book was Rs 52.739m, and the new corporate office was expected to be ready for occupation during the year.