EMCO registers 42% growth in Sales

Total sales for the quarter ended March 2008 stood at Rs. 371 Crores registering a growth of 34% over last year's quarter.

Total sales for the year ended March 2008 stood at Rs. 1039 Crores registering a growth of 42% over previous year.

EBITDA for the quarter ended March 2008 stood at Rs. 48 Crores registering a growth of 51% over last year's quarter.

EBITDA for the year ended March 2008 stood at Rs. 129 Crores registering a growth of 49% over the previous year.

PBT for the quarter ended March 2008 stood at Rs.40 Crores registering a growth of 85% over last year's quarter.

PBT for the year ended March 2008 stood at Rs. 95 Crores registering a growth of 56% over the over the previous year.

PAT for the quarter ended March 2008 stood at Rs.29 Crores registering a growth of 98% over last year's quarter.

PAT for the year ended March 2008 stood at Rs. 64 Crores registering a growth of 59% over the previous year.

During the quarter, Company, through its wholly owned Singapore subsidiary, Emco Overseas Pte. Ltd. ("EOPL") has entered into an agreement to acquire 37.35% equity of Rabaan (S) Pte. Ltd., Singapore, which has a long term exclusive coal offtake arrangement with PT Bina Insan Sukses Mandiri, a company incorporated under Indonesian Laws. Further, EOPL also has an arrangement to acquire 37.35% in respect of the shareholding of PT Bina Insan Sukses Mandiri, which has estimated Thermal coal reserves of 105 million metric tons.

 

Commenting on the Company's performance Mr. Rajesh Jain, Chairman and Managing Director of the Company said, "The Company is set to have a topline growth of 45%-50% for the next year as the Company has a very healthy Order book position."

EMCO is a 43 years old company focused primarily in the T & D segment of Power sector. It is the third largest manufacturer of Transformers in India and a leading player in Electronic Energy Meters and Turnkey Electrical Projects up to 400 kV. It has 7 manufacturing facilities and manpower strength of 1700. The Company is certified for ISO 9001, OHSAS 14001 and OHSAS 18001.