yashasvi yarns ltd Management discussions

YASHASVI YARNS LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL HIGHLIGHTS: The performance of the Company for the financial year ended 31st March 2010 is summarised below: (Rs. in Lacs) Current Year Previous Year 2009-10 2008-09 Gross Sales 14023.27 11757.71 Net Sales 14023.27 11757.71 Profit before Interest, Depreciation & Tax (PBIDT) 1319.92 1054.97 Less: Interest 720.61 585.46 Cash profits (profit before depreciation and tax) 599.39 469.51 less: Depreciation 412.36 343.33 Profit before Tax (PBT) 187.03 126.18 Less: Provision for Current Tax 34.93 40.51 Provision for Fringe Benefit Tax 6.00 0.92 Add: MAT Credit Entitlement (14.79) 0.00 Add/Less(-): Provision for Deferred Tax 40.28 4.81 Profit after Tax (PAT) 126.61 79.74 Add/(Less): Prior Period Items (0.19) 0.00 Tax Adjustment for earlier years 0.15 0.91 126.57 79.03 Add; Balance b/f from previous year 1107.52 1028.50 Profit Available for Appropriation 1234.09 1107.52 Balance carried to Balance Sheet 1234.09 1107.52 PERFORMANCE REVIEW: The Profit before tax has gone up by 48.22% for the financial year 2009-10. The net profit of the company is Rs. 126.61 Lacs as compared to Rs. 79.74 Lacs increase by 58.78%. Basic & diluted earning per share (EPS) for the year 2009-10 is Rs.1.81 per share as compared to Rs. 1.20 per share for the year 2008-09.