Financial Daily from THE HINDU group of publications
Friday, Apr 29, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Info-Tech - Financial Performance
Corporate Results - Hardware


Moser Baer profit slumps 66.6 pc

Our Bureau

New Delhi , April 28

MOSER Baer India Ltd today posted a 66.6 per cent dip in net profit for the fourth quarter ended March 2005 to Rs 24.52 crore, compared to Rs 73.43 crore in the same quarter last year, primarily due to rise in input costs.

Total income increased to Rs 411.82 crore (Rs 369.97 crore), the company said in a notice to the Bombay Stock Exchange.

For the full year it registered a net profit of Rs 58.37 crore, compared to Rs 324.43 crore for the previous year.

Mr Ratul Puri, Executive Director, said: "The increase in polycarbonate prices was far higher than expected or anticipated by optical storage media manufacturers. And while Moser Baer drove price increases with its OEM customers, it was not enough to compensate for the hefty increase in PC prices. We continue to watch the polycarbonate supply and pricing equation very closely and this remains an area of prime concern." Giving its medium term revenue guidance over the next three years, the company said that it expects to grow revenues at a compounded annual growth rate (CAGR) of 25-35 per cent.

"Most of the growth in revenues is expected to come from the DVD segment as recordable and re-writeable DVDs become the mainstay of consumer removable data storage medium," the company said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Wipro bags Akzo Nobel deal


Tribunal quashes bandwidth price cut — `TRAI has violated principles of natural justice'
Tata Indicom to invest Rs 400 cr in Karnataka
Moser Baer profit slumps 66.6 pc
KPIT Cummins consolidated net up
Bharti Tele-Ventures Q4 net rises 44 pc
Subex net up at Rs 26 cr
Karnataka software exports up 52%
Tera Soft wins Kerala project
Esanda picks Finacle
IT capital spend very low in India: Nasscom
Congruent acquisition
Polaris Lab, GE expand ties
Bank accounts hacking: MphasiS to lodge insurance claims


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line