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Investor Presentaiton

Combined annual results BAJAJ Distinctly Ahead 2007-08 Rs. in billion BAL BFS BHIL Total FY 2006-07 Change % Sales 96.90 96.90 106.06 Less Excise duty 10.27 10.27 13.14 Net sales 86.63 86.63 92.92 -7 Windpower generated 0.35 0.35 0.33 Other income 5.06 0.71 3.55 9.32 7.51 Total Income 91.69 1.06 3.55 96.30 100.76 -4 Expenditure Material 66.20 66.20 69.01 Other expenses 11.56 0.11 0.06 11.73 12.35 Interest 0.05 0.05 0.05 Depreciation 1.74 0.30 2.04 1.90 Less Exp capitalized 0.23 0.23 0.32 sub-total 79.32 0.41 0.06 79.79 82.99 Compensation for VRS 1.02 1.02 0.39 Export incentive w/off 0.10 Total expenditure 80.34 0.41 0.06 80.81 83.48 -3 Profit before tax 11.35 0.65 3.49 15.49 17.28 -10 Provision for tax 3.79 0.21 0.42 4.42 4.90 Profit after tax 7.56 0.44 3.07 11.07 12.38 -11 EPS (annualized) 54.2 3.1 30.3 109.4 * 122.3* * Considering 101,183,510 number of shares 13
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