Pakka (516030) Q4 99/00 earnings summary

Executive summary

• FY ended Mar. 31, 2000: sales rose to ₹1,850.72 lakh from ₹1,688.58 lakh; profit after tax increased to ₹74.58 lakh from ₹31.08 lakh.

• Higher production and cost-reduction measures supported improved results despite adverse market conditions; no dividend was recommended to conserve resources for growth.

Financial highlights

• Total income was ₹1,905.16 lakh vs ₹1,729.72 lakh; profit before tax was ₹84.33 lakh vs ₹34.78 lakh.

• Profit after tax was ₹74.58 lakh vs ₹31.08 lakh; EPS was ₹1.93.

• PBIDT increased to ₹341.27 lakh from ₹286.40 lakh; this included a ₹8.59 lakh loss on fixed assets sold or discarded.

• Other income included a ₹32.08 lakh fire-insurance claim; the fire affected 313.79 MT of finished goods.

Outlook and guidance

• Directors expected improved FY 2000-01 results, barring unforeseen circumstances, citing market revival and higher international pulp and paper prices.

• Priorities included further cost reduction and productivity gains; a fuel-efficient boiler and balancing equipment were planned to improve quality and production.