annual report 2011-12 - Heavy Engineering Corporation Limited

ANNUAL REPORT 2011-12
Production
` Crore
800
700
701 688
600
500
400
383 419
538
300
281
200
100
136
166
0
2004 -05 2005 -06 2006 -07 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12
Productivity
There is a marked improvement in Gross sales per employee
Gross Sales per Employee
` Lakhs
35
30
30.17
25
24.60
20
15
10
5
4.41 5.15
9.13
13.80
15.83
18.42
0
2004 -05 2005 -06 2006 -07 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12
3. FINANCIAL RESULTS
Profitability was affected due to increase in material cost, fuel cost and employment cost. As a result, Gross margin has gone down inspite of
improvement in productivity in terms of Gross Sales per employee.
(` in crore)
Particulars
2011-2012 2010-2011
MOU Actual MOU Actual
Gross Margin* 62.00 18.34 54.00 42.60
Interest 4.75 5.15 12.00 0.92
Depreciation 5.15 4.31 5.20 4.06
Profit before Tax 52.10 8.58 36.80 38.14
Net Profit 52.10 8.58 36.80 38.14
Cash Profit 57.25 12.89 42.00 42.20
* Profit before Depreciation, Interest, Tax, Prior Period and extra ordinary items
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