Hindustan Machine Tools (HMT) loss for the quarter ended December 2008 has widened due to negative operating margin and the higher input cost.
During the quarter, the loss of the company rose to Rs 172.50 million compared with a loss of Rs 157.50 million in the same quarter previous year. Net sales declined 17.98% to Rs 297 million, while total income for the quarter fell 16.98% to Rs 313.90 million, when compared with the prior year period. The company posted loss of Rs 0.23 a share during the quarter compared with loss of Rs 0.28 a share in prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 297.00 362.10 (17.98) *Net Profit* (172.50) (157.50) - *Basic EPS* (0.23) (0.28) - During the quarter, the operating margin of the company stood at negative of 48.52% compared with negative of 30.20% in the previous year period. Interest cost increased 25.62 times to Rs 33.30 million while depreciation cost rose 22.97% to Rs 9.10 million over previous year period. HMT is involved into the business of manufacturing of machine tools, metal forming presses and press brakes, pressure die, casting machines and automatic plastic injection molding machines, paper cutting machines, paper cutting machines, tractors 25/35/55 HP, lamps and lamp making machines, printing machinery and watches. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
