Month: June 2008

Voltamp’s net sales increased by 10.4% Y-o-Y to Rs.1351.4 mn in Q4FY08, largely on the back of better price realisations. EBIDTA increased to Rs.334.3 mn in Q4FY08, at 46.1% Y-o-Y growth. EBIDTA margins improved by around 606 bps YoY to 24.7%, mainly due to better price realizations, which led to substantial decrease in raw material cost as a percentage of sales (from 81.3% in Q4FY07 to 75.3% in Q4FY08).

Voltamp’s PAT during Q4FY08 increased to Rs.216.3 mn in Q4FY08. For the full year FY08, the company showed a growth in net sales of 36.9% to Rs. 5553.5 mn. Its EBITDA increased 92.1% from Rs.613.5 mn to Rs.1178.6 mn while it’s adjusted PAT increased from Rs.393.6 mn to Rs.799.0 mn, showing a growth of 103%. The EPS for the full year stood at Rs.79 as against Rs.38.9 last year, registering a growth of around 102.9% Y-o-Y.

Voltamp Transformer’s order backlog as of 8th May 2008 stood at around Rs.4485.1 mn

Canara Bank’s Interest costs (33% yoy) far exceeded the rise in interest income (18% yoy) and resulted in a 13% fall in the net interest income. Bank is getting rid of low-yield loans,and is expected to lend more aggressively in FY09, thereby earning higher interest and income. Operating expenses increased 10% yoy to Rs. 7 bn. The Bank’s employee costs declined by 4%, owing to its virtually stagnant workforce.

Non-interest income increased 14% yoy to Rs. 7.1 bn. On yearly basis, the growth was impressive at 53%. As the Bank is venturing into insurance and asset management businesses, the growth in other income is believed to be sustained. Deposits grew by 8% yoy to Rs. 1.5 tn.

Canara Bank reported a Net Profit of Rs 1565 crore for FY08 a growth of 10.1% over previous year. Fully diluted EPS for FY08 is Rs 38.

PVR’s results is simply a box office hit for the full year FY 2007-08. Sales grew of 49.7% to Rs 265 crore and Net Profit recorded a growth of 112.2% to Rs 21.6 crore resulting in an EPS of Rs 12.7.

However, for 4QFY2008, PVR reported a modest Topline growth of 32.9% yoy to Rs54.3cr (Rs40.9cr) on a standalone basis, driven by a 25% increase in Net Ticket revenues, 79% jump in Net Advertisement revenues and 31% higher F&B revenues.

PVR delivered a disappointing performance, registering a 350bp decline in standalone Operating Margins to 13% largely owing to a sharp 556bp increase in Rental costs (on account of service tax levies on lease rentals) and higher overheads to lower revenue base. The company has already made provisions for higher rentals.

PVR Operated 22 properties with 84 screens and 21,853 seats at the end of FY2008.