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Orbit Corporation – Q4 2010 Results Update

Orbit Corporation (Orbit) has posted a strong consolidated earnings in Q4FY2010, which is largely in line with our estimates. The net profit stood at Rs20 crore in Q4FY210 as compared to Rs1.6 crore in Q4FY2009. However, the revenues grew by only 8.7% year on year (yoy) to Rs86.5 crore, which was below our estimates. The shortfall in the top line growth was offset by a higher than expected operating profit margin (OPM) and a continued write-back in tax due to minimum alternate tax (MAT) credit entitlement. Continue reading Orbit Corporation – Q4 2010 Results Update