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Earnings Digest: Moser Baer, Educomp, Spice & Compact Disc India

Moser Baer Shipments Up 63% YoY

Moser Baer has reported a net profit of Rs 32.3 million for the quarter endedDecember 2009,up 112.6 percent as against a loss of Rs 257 million reported in the corresponding quarter last year. EBITDA margin for Moser Baer stands at 29.6 percent, as against 17.9 percent in the preceding quarter and 22.7 percent reported in the same quarter of the last fiscal. Shipments grew by 63 percent volume QoQ.

Details: Financials

Blu-ray shipment continues to improve for the company and EBITDA margin for blank optical media stands at 32.4 percent. The Super DVD product continues to grow with good response from Tamil Nadu. Most recently, the company launched preloaded Micro SD Cards with songs from Hindi movies and other content.

Educomp Solutions Net Profit Doubles YoY

Educomp‘s PAT is up 103.2 percent to Rs 641 million for the quarter ended December 2009 from Rs 315 million reported for the same quarter of the previous fiscal. EBITDA has seen a growth of 86.7 percent to Rs 1244 million YoY. EBITDA margin stands at 61 percent. Income from operations is reported at Rs 2039 million for the quarter, as compared to Rs 1453 million in income reporetd for the quarter ended September 2009.

Details: Financials | Release

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Consolidated revenues for company has increased by 37.2 percent to Rs 2601 million, and consolidated EBITDA has increased by 76.4 percent to Rs 1305 million YoY.

The company’s Smart Class has reached 2574 schools and 2.9 million students. In the quarter ended December 2009 it was implemented in 355 schools, translating to revenues worth Rs 1645 million. ICT solutions reached 14826 schools and 7.9 million students. In the quarter 363 schools were added, contract value of Rs 250.8 million.

Spice Mobile Posts Net Profit Of Rs. 22.4M

Handset maker Spice has reported a net profit of Rs 22.4 million for the quarter ended December 2009 as compared to loss of Rs 3.4 million reported for the same quarter of the previous fiscal. Income from operations stands at Rs 299 million, up 147.72 percent YoY. Total expenditure has increased to Rs 267.1 million for the quarter ended December 2009 as compared to Rs 124.3 million of the corresponding quarter of last year.

Details: Financials
The Board of Directors of the company has approved the amalgamation of Spice Televentures Pvt. Ltd. with the company.
Compact Disc India’s Expenses Up 2.94% Sequentially

CDI has annnounced a net profit of Rs 130.00 million for the quarter ended December 2009, as compared to Rs 128.4 million reported for the quarter September 2009 and as Rs 100.42 for December 2008. Net Income is up by 27.01 percent YoY to Rs 632.91 million from Rs 391.98 million.
Details: Financials
Out of the total expenditure of Rs 502.67 million, development costs amounted to Rs 497.86 million. Total expenditure is up 2.94 percent QoQ. There was no revenue generated from their own film production business during the quarter. There was also no activities in the subsidiary company during the quarter.

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