BWI: Tilaknagar Industries Ltd. Announces Consolidated Financial Result for Q4 FY2010

Press release from Business Wire India
Source: Tilaknagar Industries Ltd
Monday, May 10, 2010 05:45 PM IST (12:15 PM GMT)
Editors: General: Consumer interest, Economy, Food & drink; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges
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Tilaknagar Industries Ltd. Announces Consolidated Financial Result for Q4 FY2010


Mumbai, Maharashtra, India, Monday, May 10, 2010 -- (Business Wire India) -- -- Revenues up by 59% to Rs. 149.05 crores
-- EBIDTA up by 113% to Rs. 38.22crores
-- PAT up 96% at Rs. 13.98 crores

FY2010 Revenue at Rs.384.90 crores, EBIDTA at Rs. 85.23 crores and PAT at Rs. 35.47 crores

Tilaknagar Industries Ltd. (TI), the fastest growing Company in the IMFL industry in India, today announced the business financial results for the quarter and financial year ended March 31, 2010.

Commenting on the Company's performance, Mr. Amit Dahanukar, Chairman and Managing Director said, "TI remains firmly focused on achieving superior results from its IMFL business and it has built a strong operating position within its defined verticals in this space. Our performance was led by healthy volume growth in all segments across all regions. The biggest contribution to revenue came from Southern region, which benefited from robust volume growth."

TI has concentrated the premium product portfolio which has resulted in premium range constituting a higher percentage of its revenues as compared to last fiscal. This has strengthened company's EBIDTA margins.

Mr. Lalit Sethi, Chief Financial Officer, Tilaknagar Industries Ltd, said, "Our performance would have been still stronger but regional disturbance in Andhra Pradesh over Telangana statehood affected our operations for over two months". He further added that, "The performance was strong in the CSD business where the company has achieved significant market share in the Brandy segment and is number one in terms of value".

Q4 FY2010 (Jan.-March.2010) compared to Q4 FY2009 (Jan. - March 2009)

Revenues

Revenues in Q4 FY2010 grew by 59.32% and were at Rs.149.05 cores against Rs. 93.55 cores in the last year.

EBIDTA

EBIDTA in Q4 FY2010 grew by 112.94% and was at Rs.38.22 cores against Rs. 17.95 cores in last year. The EBIDTA margin stood better by 6.67 bps at 26.01% from 19.34% in last year.

Profit Before Tax

Profit before Tax in Q4 FY2010 grew by 107.22% and stood at Rs. 26.94 crores against Rs.13.00 crores in last year.

Net Profit and EPS

Net Profit in Q4 FY2010 grew by 96.28% and stood at Rs. 13.98 crores against Rs. 7.12 crores in last year. The basic EPS was at Rs. 6.62 in Q4 FY 2010 against Rs.4.14 in last year.

12M FY2010 (Apr.-March. 2010) compared to 12M FY2009 (Apr. - March 2009)

Revenues

Revenues in 12M FY2010 grew by 52.79% and was at Rs.384.90 crores against Rs. 251.92 crores in last year.

EBIDTA

EBIDTA in 12M FY2010 grew by 87.55% and was at Rs. 85.23 crores against Rs. 45.45 crores in last year. The EBIDTA margin stood better by 4.15 bps at 22.39% from 18.24% in last year.

Profit Before Tax

Profit before Tax in 12M FY2010 grew by 70.96% and stood at Rs. 54.03 crores against Rs.31.61 crores in last year.

Net Profit and EPS

Net Profit in 12M FY 2010 grew by 79.31% and stood at Rs. 35.47 crores against Rs. 19.78 crores in last year. The basic EPS was at Rs. 17.52 against Rs.11.50 in last year.

About Tilaknagar Industries Ltd. (TI.)

Mumbai-based Tilaknagar Industries Ltd. (TI.) is primarily engaged in the business of manufacturing and marketing of Indian Made Foreign Liquor (IMFL), which consists of brandy, whisky, rum, gin and vodka. TI's brand portfolio consists of Senate Royale, Courrier Napoleon, Mansion House, Castle Club, Classic, Madira, Shot, and Hottt silk. TI brand Mansion House Brandy, crossed 4.5 million and Madira crossed 1 million cases in sales in 2009-10. At present, their products like Senate Royale Whisky and Classic Whisky are being exported to Western Africa, the Middle East, the Far East and the Caribbean countries.
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CONTACT DETAILS
Lalit Sethi, Chief Financial Officer, For Media, Tilaknagar Industries Ltd, +91 (22) 67441313, lsethi@tilind.com
Pranali Arora, Account Manager, 20:20 Media, +91 (22) 39651700, pranali@2020india.com
Sampada Pai, Account Executive, 20:20 Media, +91 (22) 39651700, sampada@2020india.com
Gaurav Thakur, Company Secretary, Tilaknagar Industries Ltd., +91 (22) 67443400, gthakur@tilind.com

KEYWORDS
CONSUMER, ECONOMY, FOOD, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES, TILAKIND.BO

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