Areva T&D India Ltd Quarterly net profit at Rs.378.5 Million, up 39.77% YOY

Areva T&D India Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.378.5 million for the quarter ended June 30, 2007 as compared to Rs.270.8 million for the quarter ended June 30, 2006. Total Income has marginally decreased from Rs.3930.4 million for the quarter ended June 30, 2006 to Rs.3917.5 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.9.49 in Quarter ending June 30, 2007 compared to Rs.6.79 during Quarter ending June 30, 2006.

The comparative results for Quarter and Half Year ended June 2006 represents T&D activities only. The results for Quarter ended June 2006 published in July 06 include Non T&D activities. Sales of Rs 734.40 million and Profit Before Tax of Rs 41.50 million.

The stock closed the day at Rs.1620.35, down by Rs.42 or 2.53%. The total traded quantity was 30392 compared to 2 week average of 44660. The stock hit an intraday high of Rs.1674.80 and low of Rs.1611.

Source : Equity Bulls

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