Shakti Pumps (India) (531431) Q4 98/99 earnings summary

Executive summary

• FY ended 30 June 1999 reported sales of Rs. 3469.26 lakh and profit after tax of Rs. 97.32 lakh; operations were described as satisfactory despite recession and financing constraints.

• ISO 9002 certification was achieved; overseas orders worth Rs. 105.42 lakh were executed.

Financial highlights

• Net sales were Rs. 3469.26 lakh vs. Rs. 3405.52 lakh in the prior period; total income was Rs. 3557.31 lakh vs. Rs. 3509.17 lakh.

• Profit before tax was Rs. 110.04 lakh vs. Rs. 104.17 lakh; profit after tax was Rs. 97.32 lakh vs. Rs. 93.23 lakh.

• Total expenditure was Rs. 3447.27 lakh; raw materials accounted for Rs. 2729.81 lakh and selling and distribution expenses Rs. 372.39 lakh.

• No dividend was proposed for FY99; prior-period proposed dividend was Rs. 14.47 lakh.

Segment performance

• Power-driven pumps were the listed product; production was 28,735 units and sales were 28,494 units, generating Rs. 3459.76 lakh in product sales.

• Finished-goods inventory increased from 1,269 units valued at Rs. 133.29 lakh to 1,510 units valued at Rs. 182.58 lakh.