Tuesday, May 6, 2008

Anik Industries strong quarterly earnings

Anik Industries was locked at upper limit of 5% to Rs 57.75 at 10:59 IST on BSE after posting 76.4% surge in net profit to Rs 8.96 crore on 58.1% increase in total income to Rs 333.27 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 57.75 and a low of Rs 55 so far during the day. The stock had a 52-week high of Rs 116.90 on 3 January 2008 and a 52-week low of Rs 26.10 on 10 May 2007.

The company’s current equity is Rs 27.75 crore. Face value per share is Rs 10. The current price of Rs 57.75 discounts its Q4 March 2008 annualised EPS of Rs 12.92, by a

PE multiple of 4.47.

Anik Industries’ net profit rose 96.20% to Rs 23.82 crore on 50.64% increase in total income to Rs 725.04 crore in the year ended March 2008 over the year ended March 2007.

The company is engaged in manufacturing dairy products. The company operates in three segments viz. dairy, wind power and other. The dairy products include milk, ghee, milk powder and other dairy products. The wind power units include wind power generation and others include trading of steel and pulses.

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