poly medicure results

Poly medicure has announced its results for the quarter ending march 08. It managed sales of Rs 232 million and a net profit of 14.69 million which is quite lower than its previous quarter when it clocked a net profit of Rs 22.21 million. A close analysis shows that the interest cost has risen by 0.72 million and depreciation by 2.87 million resulting in a fall in the eps from 3.87 to 2.59. The cash eps too has fallen from 6.52 to 5.67 which reflects that there has been a fall in the margins of the company. The good news is that the china project is expected to commence production in the current quarter which would have positive effect on the topline as well as bottomline. The board of directors have also recommended a dividend of 25% i.e Rs 2.50 for the year 07-08.