Ganesha Ecosphere (514167) Q4 01/02 earnings summary

Executive summary

• FY ended Sep. 30, 2002 revenue of ₹459.47 lakh rose from ₹444.48 lakh; reported net loss was ₹23.17 lakh after a ₹18.22 lakh deferred-tax credit.

• Higher production and sharply increased exports were offset by squeezed margins and higher input and utility costs that could not be passed on to customers.

Financial highlights

• Sales and other income reached ₹459.47 lakh vs. ₹444.48 lakh in FY01; production increased ~4.5% YoY.

• Reported PBT was a loss of ₹41.39 lakh vs. profit of ₹0.43 lakh; PAT was a loss of ₹23.17 lakh vs. profit of ₹0.43 lakh.

• Interest and finance expenses were ₹221.10 lakh vs. ₹207.85 lakh; depreciation was ₹151.34 lakh vs. ₹150.07 lakh.

• Exports rose to ₹256.41 lakh from ₹59.40 lakh; no dividend was recommended due to unprofitable operations.

Outlook and guidance

• Export-market development and cost-reduction efforts were expected to improve operations; overseas product acceptance and prospects for future export earnings were described as favorable.

• Fibre Division of Unit III was proposed for disposal after the board concluded it was unlikely to become profitable or add shareholder value.