- Sales up 8% qoq but down 14% yoy
- Profit from ops flat qoq but down 16% yoy
- PBT up 13% qoq but down 54% yoy
- PAT down 75% qoq and down 90% yoy
Optically not good but then it is to be noted that Q3 Fy12 Forex loss of 14 cr approx, a 7 cr tax expense, change in method of valuation of Inventory and a one time Interest income from subsidiary during FY11 make the Q3 FY12 result seem far worse than it actually is.
In fact Profit before Forex and FC has actually gone up qoq basis.
Overall, the numbers are OK given the economic macros.
DETAILED Q3 FY12 RESULTS SEE HERE
SEE EARLIER POST ON GAMMON INDIA RIGHT HERE
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