Result analysis: Jyoti net rises 5.30 times in Q3

Jyoti announced a phenomenal jump in net profit for the third quarter ended September 2007. During the quarter, the company`s net profit went up 5.30 times, to Rs 23.30 million from Rs 4.40 million in the same quarter, last year.

Net sales for the quarter rose 47.94% to Rs 459.20 million compared with the corresponding quarter, a year ago.

Operating margins improved to 13.70% during the quarter, a rise of 287.30 basis points compared with the corresponding quarter, a year ago. Net Margins, on the other hand, rose to 5.05%, during the quarter from 1.42%.

The company`s earnings per share on a trailing twelve month basis stood at Rs 5.52.

At the closing price of Rs 131.70 on Oct. 9, 2007 at the BSE, the company`s shares were valued at 23.84 times earnings on a trailing twelve month basis.

As at	September 2007(3)	September 2006(3)	%Change
	Rs million	Rs million
Sales of Products/Services	459.20	310.40	47.94
Other Income	2.00	0.40	400.00
Total Income	461.20	310.80	48.39
Total Expenses	(396.30)	(276.80)	43.17
Stock Adjustments	0.00	0.00
OPBDIT	62.90	33.60	87.20
Operating Margin(%)	13.70	10.82	287.30 bp*
Interest	37.30	25.70	45.14
Depreciation	4.10	3.50	17.14
ExtraOrdinary Items	0.00	0.00
Prior Period Adjustments	0.00	0.00
Provision for Tax	0.20	0.40	(50.00)
After Tax Profit	23.30	4.40	429.55
Net Margin(%)	5.05	1.42	363.63 bp*
EPS in reported Period (Rs)	1.84	0.00