NDTV, Wipro, Satyam & Bajaj Auto Results

RESULTS REVIEW/ QUARTERLY RESULT ANALYSIS: December 2004

Net profit14.89-7.29114.89 NPM (%)28.41-30.63

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EPS (Rs)2.45-

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Trailing 12-month P/E39.04  

Although total expenditure rose 17.7 per cent, it plunged dramatically as a percentage of sales. Among costs, only marketing, distribution and promotional costs moved up - 20 basis points - as a percentage of sales.

A substantial fall in transmission and production costs (as a percentage of sales) and a significant reduction in employee expenses (together accounting for about 40 per cent of total expenses) enhanced margins.

NDTV