RIDING INTO THE ROUGH: LML
Article Abstract:
LML Ltd is promoted by the Singhanias and Piaggio of Italy. The Singhanias, who hold about 28.5 percent stake in LML, are keen on raising their stake. LML is seeking shareholders' approval in December 1998 for a preference share allotment to the promoters. It is launching four models of motorcycles in 1999 with technology from a Korean company. LML has bagged 29 percent market share in scooters. It has sold 30,000 scooters in June 1998, an increase of 16 percent. (rk) --------------------------------------------------------- Performance of LML Ltd (Rs in crore) --------------------------------------------------------- Particulars 1H 1997-98 FY 1996-97 --------------------------------------------------------- Sales 405.62 748.72 --------------------------------------------------------- Other income 2.76 4.28 --------------------------------------------------------- Interest 12.63 21.83 --------------------------------------------------------- Depreciation 10.73 18.14 --------------------------------------------------------- Tax 4.65 4.50 --------------------------------------------------------- Profit after tax 17.01 20.30 --------------------------------------------------------- Equity 41.44 41.44 --------------------------------------------------------- Reserves & surplus 67.86 50.85 --------------------------------------------------------- EPS (Rs) 8.20 4.90 --------------------------------------------------------- Book value (Rs) 26.35 22.02 --------------------------------------------------------- LML is likely to post an earnings per share of Rs11 and a net profit of Rs42.44 crore for 1997-98. The company is setting up a Rs450 crore motorcycles project. (rk)
Comment:
Is launching 4 motorcycle models in 1999 & likely to post earnings per share of Rs11 & net profit of Rs42.44 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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LML
Article Abstract:
LML, the makers of scooters, posted a rise in its net profit at Rs17.01 crore in the second half of 1997-98 (Rs14.98 crore during the same period in 1996-97). It has captured 29 percent share in the scooter market and posted 10 percent growth in volume. (gs) ------------------------------------------------------------ Financial performance of LML ------------------------------------------------------------ Particulars Year ended March (Rs in crore) 1998 1997 ------------------------------------------------------------ Sales 405.62 363.94 ------------------------------------------------------------ Other income 2.76 1.81 ------------------------------------------------------------ Operating profit 45.02 38.18 ------------------------------------------------------------ Interest 12.63 9.71 ------------------------------------------------------------ Depreciation 10.73 6.92 ------------------------------------------------------------ Tax 4.65 2.22 ------------------------------------------------------------ Net profit 17.01 14.98 ------------------------------------------------------------ Equity 41.44 41.44 ------------------------------------------------------------
Comment:
Posts an increase in its net profit to Rs17.01 crore in the year ended 3/98 from Rs14.98 crore in the year ended 3/97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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LML MOVING IN LOW GEAR
Article Abstract:
LML Ltd has posted a net profit of Rs28.30 crore in the year ended September 30, 1998 compared to a net profit of Rs20.30 crore in the year ended September 30, 1997. The company's other income has risen to Rs7.15 crore from Rs4.28 crore while interest cost has risen to Rs26.82 crore from Rs21.83 crore. Its depreciation has also increased to Rs22.48 crore from Rs18.14 crore. The company has been facing intense competition with the entry of new scooter models from Bajaj Auto and the recent entry of TVS-Suzuki and it will have to work hard to retain its marketshare. (khr)
Comment:
LML Ltd has posted a net profit of Rs28.30 crore in the year ended September 30, 1998 compared to a net profit of Rs20.30 crore in the year ended September 30, 1997.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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