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If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Thursday, January 18, 2007

Genus Overseas - Mindblowing Third Quarter Results

Genus Overseas came out with mindblowing third quarter results. Gross Sales jumped 240% from Rs. 262.95 Million to Rs. 895.27 Million. Net Profit jumped 276.75% from Rs. 16.64 Million to Rs. 62.69 Million as compared to the same quarter last year. Third quarter EPS is Rs. 5.78.

The company saw topline growth of 105% and bottomline growth of 88%. Margins expanded to 15.5% on back of control on admin and staff costs, raw material costs were at 69% of sales.

Genus has secured an order of Rs 75 crore from Rajasthan State Electricity Board (SEB) to supply electronic energy meters. The company had previously bagged Rs 120 crore order from WBSEB. So the orders that the company has in hand is worth Rs 510 crore on December 26,'06, which covers the next three-four months.

Going forward, Genus Overseas will gain from the replacement market in Surat, where recent floods damaged meters, she adds. It is also expected that Genus Overseas will benefit from the ongoing Accelerated Power Development and Reform Programme (APDRP), as all existing electro mechanical meters are to be replaced with tamper roof electronic meters.

Further, the government intends to implement 100% metering to cut down losses for SEBs (state electricity boards) and is targeting electrification of 125,000 villages (23 mn new rural connections). All these events will act as growth drivers for the company.

Labels: Genus Overseas

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