BR Research

INDU: Thinning margins, diminishing hopes

Published August 25, 2011 Updated August 25, 2011 12:00am

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INDUS MOTORS COMPANY
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Rs (bn)                      FY11       FY10           chg
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Net Sales                    61.7      60.09            3%
Cost of Sales               57.61      55.24            4%
Gross Profit                 4.09       4.86          -16%
Gross Margin                   7%         8%  down 150 bps
Distribution Expenses        0.69       0.47           47%
Administrative Expenses      0.46       0.38           21%
Other Operating Income       1.51        1.8          -16%
PAT                          2.74       3.44          -20%
EPS (Rs)                     34.9      43.81
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Source: KSE notice