Moser Baer Q3 PAT at $2.95 M

By agencies   |   Thursday, 26 January 2006, 08:00 Hrs
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NEW DELHI: IndiaÂ’s biggest maker of CDs and DVDs Moser Baer has registered a profit after tax of $2.95 million (post write-back of deferred tax) for the third quarter ended December 2005.

The company's gross revenues stood at $99.88 million, reflecting an increase 19 percent over the corresponding previous period.

"EBITDA is stable on a sequential basis, while it grew by 59.1 percent over the corresponding quarter of the previous year. EBITDA margin (excluding other income) at 22.7 percent (in the quarter under review) is substantially higher than 15.3 percent (earlier), and has marginally fallen from 23.5 percent on a sequential basis," said a company statement.

"We reduced the amount of capital expenditure due to efficiencies and as a result, the credit has come in deferred taxation," said Yogesh Mathur, Group CFO.

The key highlight of the quarter was the robust increase of shipment volumes for optical media, which grew by 17 percent on a sequential basis.

While DVD-R/RW sales volumes continue to grow at a healthy pace, there has been an expected surge in the sales volumes of CD-R/RW format, which grew 24 percent sequentially.

The company's plans to increase annual capacities from 2.4 billion to 2.8 billion disks is progressing as per schedule.

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