Samtel Color posts Rs 76 Crs Net Profit

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 28, 2010 -- New Delhi, India, April 26, 2010: Samtel Color Ltd. (BSE: 500372 | NSE: SAMTEL | ISIN: INE381A01016), today announced its results for financial year 2009-2010.

For the year ending 31st March 2010, the Company has declared a consolidated revenue of Rs. 1114 crore as compared to Rs 717 crore during the nine months period ended 31st March 2009. Net Profit after tax (PAT) for the year has also shown a turnaround by increasing to Rs. 76 crore as compared to a loss of Rs 75 crore for the nine months period ended 31st March 2009.

The consolidated revenue for the quarter ending 31st March, 2010 increased by 10% to Rs. 269 crore in comparison to Rs. 245 crore for the corresponding quarter of the previous year. The Company’s Net Profit after Tax (PAT) increased by 129% to Rs. 8 crore in comparison to a loss of Rs. 27 crore for the corresponding quarter in the previous year, thus showing a complete turnaround of the results.

Samtel Color’s EBIDTA has shown an increase of 1336% during the quarter by rising to Rs 31 crore in comparison to a loss of Rs 2 crore in the previous year.

Highlights:

Year Ended 31st March, 2010
- Consolidated annual revenue at Rs. 1114 crore from color picture tubes as compared to Rs 717 crore during the nine months period ended 31st March 2009.
- Net Profit After Tax (PAT) at Rs. 76 crore as compared to Rs. 75 crore (Loss) for the nine months ended 31st March 2009.

Quarter Ended 31st March, 2010

- Consolidated revenue at Rs. 269 crore from color picture tubes increased by 10% in comparison to Rs. 245 crore in the corresponding quarter of the previous year.
- EBIDTA at Rs. 31 crore increased by 1336% in comparison to Rs (-) 2 crore in the corresponding quarter of the previous year.
- Net Profit After Tax (PAT) at Rs. 8 crore increased by 129% as compared to Rs.
(-) 27 crore for the corresponding quarter of the previous year.
- Earning Per Share for the quarter increased to Rs. O.42 from Rs. (5.39) as compared to corresponding quarter of the previous year.

About Samtel

Samtel is India’s largest integrated manufacturer of a wide range of displays for television, avionics, industrial, medical and professional applications, TV glass, components for displays, machinery and engineering services. The group employs 6000 people in nine world-class factories and has an annual turnover of Rs 12 billion (USD 300M).
www.samtelgroup.com

About Samtel Color
Samtel Color is the flagship company of the Samtel group, and manufactures the widest range of Colour TV tubes in India from 14” to 29”, and has a capacity of over 10 million picture tubes per annum. The company was incorporated in 1986 with a technical collaboration with Mitsubishi Electric, Japan to manufacture Color Picture Tubes (CPTs). Currently, it is the largest color picture tube manufacturer in the country. Its clients include leading domestic and international TV manufacturers.