Radico Khaitan (RADICO) Q4 1997 earnings summary

Executive summary

• FY1997 sales and other income reached Rs 246.32 crore, up 41.95% against the prior 18-month period annualized; reported profit after tax rose 39.26% on the same annualized basis.

• Distillery operations ran at full capacity, fertilizer plants exceeded installed capacity, and the soya division improved profitability despite weaker seed availability and quality.

Financial highlights

• Sales and other income were Rs 246.32 crore; profit before tax was Rs 8.88 crore and profit after tax was Rs 7.88 crore before prior-period and extraordinary debits.

• Excluding the Rs 1.81 crore prior-period and extraordinary debit, profit available after tax was Rs 6.07 crore; prior-year comparisons cover 18 months and are not directly comparable.

• Proposed equity dividend was 6%, or Rs 0.60 per fully paid share; earnings per share were Rs 3.44.

Outlook and guidance

• Planned Rampur distillery co-generation installation is intended to reduce power costs; alcohol and ENA capacity expansion is also proposed.

• Fertilizer capacity expansion was under implementation, with a power plant under consideration; export growth efforts were supported by stated international market potential.