Olectra Greentech (532439) Q4 00/01 earnings summary

Executive summary

• Telecom operations transferred from Goldstone Technologies effective 1 Jan 2001 under a court-approved demerger; 108.384m fully paid shares were issued to former shareholders at ₹4 each.

• For the six months ended 30 Jun 2001, sales were ₹1,268.10 lakh and profit after tax was ₹155.23 lakh; no dividend was proposed to conserve resources.

Financial highlights

• Six-month sales revenue ₹1,268.10 lakh, other income ₹40.35 lakh, operating profit (PBIDT) ₹272.87 lakh, PBT ₹205.23 lakh and PAT ₹155.23 lakh.

• Consolidated sales income was ₹2,523.01 lakh and consolidated PBT ₹294.06 lakh for 2000-01; the parent’s reporting period covers six months from Jan to Jun 2001.

• Operating cash flow was ₹506.86 lakh; net cash from financing was ₹95.38 lakh, while investing activities used ₹352.57 lakh.

Outlook and guidance

• Plans focus on cost-effective end-to-end communications and networking solutions across wireline and wireless, plus manufacturing telecom equipment, devices, optical fibre cable and jelly-filled cable.

• Liquidity and reserves were assessed as adequate for immediate working-capital and capital-expenditure needs; backward integration and R&D were directed at cost reduction and lower import dependence.