Olectra Greentech (532439) Q4 01/02 earnings summary

Executive summary

• 9M FY02 covered 1 Jul 2001–31 Mar 2002 after the accounting year shifted; comparisons are against a prior six-month period and are not directly comparable.

• Telecom jointing kits remained the core business, alongside plans to diversify into an International Contact Centre and polymer insulators.

Financial highlights

• Revenue from operations was Rs 1,751.99 lakh and total income Rs 1,842.80 lakh; net profit before non-recurring items was Rs 300.25 lakh.

• PBT was Rs 345.75 lakh; after Rs 102.00 lakh of prior-period adjustments and Rs 22.18 lakh deferred-tax liability, reported profit was Rs 198.25 lakh.

• EPS was Rs 2.77 before non-recurring and extraordinary items and Rs 1.62 after them; a maiden 20% dividend, or Rs 0.80 per Rs 4 share, was recommended.

• Consolidated 9M sales were Rs 2,555.97 lakh, PBT Rs 374.43 lakh and profit after tax Rs 300.09 lakh before non-recurring items; consolidated EPS after such items was Rs 1.04.

Outlook and guidance

• The International Contact Centre at Banjara Hills was at an advanced implementation stage, with 200 seats per shift and 400 agents across two shifts; operations were expected in Q3.

• Diversification targets included BPO, communications, networking, IT-enabled services and power-related opportunities; backward integration aimed to lower input costs and import dependence.