DISA India Limited (500068) Q4 98/99 earnings summary

Executive summary

• FY1998-99 sales and services fell to Rs.124.29 million from Rs.166.47 million; profit after tax declined to Rs.10.32 million from Rs.22.09 million.

• Exports rose to Rs.29.2 million from Rs.28.2 million, while the order book at 30 April 1999 fell to Rs.16.1 million from Rs.44.1 million.

Financial highlights

• Sales and services were Rs.124.29 million versus Rs.166.47 million; other income was Rs.17.07 million versus Rs.18.65 million.

• Profit before extraordinary items and tax was Rs.14.94 million versus Rs.31.59 million; profit after tax was Rs.10.32 million versus Rs.22.09 million.

• Depreciation was Rs.17.54 million versus Rs.19.60 million; interest expense was Rs.0.96 million versus Rs.1.13 million.

Outlook and guidance

• Inquiries were improving; management expected performance to improve in FY1999-2000, barring unforeseen circumstances.

• ERP implementation was planned to support Year 2000 compliance and integrate activities across locations; internal systems were targeted for compliance by November 1999.