Vimta Labs (524394) Q4 97/98 earnings summary

Executive summary

• FY1997-98 turnover was Rs 250 lakh; reported loss after tax widened to Rs 219.81 lakh from Rs 92.30 lakh, as recession curtailed project and analytical assignments.

• The Rostest, Moscow joint venture broadened the service offering to pre-shipment inspection for Indian exports to Russia.

Financial highlights

• Income from operations was Rs 233.69 lakh versus Rs 335.67 lakh in FY1996-97; total income, including inventory change and other income, was Rs 250.11 lakh.

• Loss before tax and after tax was Rs 219.81 lakh, compared with Rs 92.30 lakh in FY1996-97; no income-tax provision was made.

• Finance charges and interest rose to Rs 167.67 lakh from Rs 143.19 lakh; depreciation was Rs 41.71 lakh versus Rs 41.29 lakh.

Outlook and guidance

• First-quarter performance was described as encouraging, with enquiries for environmental, bio-availability and pre-shipment inspection work; continued momentum was expected to improve operating results.

• The Rostest venture was expected to add annual turnover of Rs 200-300 lakh through pre-shipment inspection services for Indian exports to Russia.