Vimta Labs (524394) Q4 00/01 earnings summary

Executive summary

• FY2000-01 turnover reached a record ₹637.27 lakh, up 55% YoY; net profit after tax rose to ₹43.23 lakh from ₹7.37 lakh.

• Testing and analysis services expanded amid domestic industrial recession; plans targeted foreign outsourcing demand and contract research.

Financial highlights

• Revenue from operations was ₹637.27 lakh versus ₹410.92 lakh; profit before tax was ₹47.25 lakh versus ₹7.37 lakh.

• Profit after tax was ₹43.23 lakh versus ₹7.37 lakh; amortization of preliminary and deferred revenue expenses was ₹13.10 lakh in both years.

• Finance charges rose to ₹47.94 lakh from ₹31.09 lakh; depreciation increased to ₹55.09 lakh from ₹42.43 lakh.

• Net cash from operating activities was ₹148.18 lakh, while investing activities used ₹86.56 lakh and financing activities used ₹9.92 lakh.

Outlook and guidance

• Despite domestic industrial recession, rising quality awareness was expected to support continued performance; foreign markets targeted testing and contract research outsourcing.

• Foreign-exchange earnings were expected to increase substantially; imported state-of-the-art equipment qualified for a 5% concessional customs duty rate.