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Moser Baer reports Q1 net profit of Rs.9.64 Crores
Posted On : 2007-07-28 23:32:35( TIMEZONE : IST )
Moser Baer India Ltd has announced the following Unaudited results for the quarter ended June 30, 2007.
The Company has posted a net profit after taxes of Rs 96.42 million for the quarter ended June 30, 2007 as compared to Rs 64.72 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4880.91 million for the quarter ended June 30, 2006 to Rs 5002.77 million for the quarter ended June 30, 2007.
According to Ratul Puri, Executive Director, of the Company, "Despite the sharp negative influence of the rupee appreciation during the traditional summer slowdown, the optical media business performance remains satisfactory. The entertainment business is growing ahead of expectations and is a highly scalable business. The other key positive during the quarter is the commencement of shipments by the photovoltaic business."
The company has reported an Earnings Per Share (EPS) of Rs.0.86 for the quarter ended June 30, 2007 compared to Rs.0.58 during quarter ended June 30, 2006.
The stock closed on Friday at Rs.311.75, up by Rs.6.75 or 2.21%. The total traded quantity was 1155292 compared to 2 week average of 318811. The stock hit an intraday high of Rs.327 and low of Rs.294.50.
