Monday, November 29, 1999

McNally Bharat profit up 14%

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Deepak Khaitan controlled McNally Bharat Engineering Company Ltd, reported a profit after tax (PAT) of Rs 38.83 crore on a total income of Rs 1,448.31 crore for 2009-2010 on a stand alone basis against a PAT of Rs 34.12 crore on a net income of Rs 967.98 crore in 2008-2009. While profits grew by 14%, net income grew by 50%.For the quarter to March 31 2010, the company reported a PAT of Rs 22.44 crore on a net income of Rs 562.41 crore, against a PAT of Rs 25.38 crore on a net income of Rs 473.96 crore. Srinivash Singh, managing director said, "The project business is subject to quarter to quarter variations and one quarter's performance in isolation does not necessarily indicate full year's performance."McNally Bharat group, which has McNally Sayaji Engineering Ltd, MBE- Holdings Pte Ltd, Singapore and EWB Kornyezetvedelmi kft, Hungary as McNally Bharat Engineering's subsidiaries, has reported an EBIDTA of Rs 177 crore on a turnover of Rs 2,062 crore. But the company is unable to come out with a consolidated result as its foreign operations have different year endings.McNally Sayaji Engineering Ltd, which has facilities at Kumardhubi, Asansol, Bangalore and Baroda, has reported aPAT of Rs 28.82 crore on a total income of Rs 308.95 crore for 2009-2010 against a PAT of Rs 20.90 crore on a total income of Rs 208.73 in 2008-2009.

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