Man Industries reported a robust financial performance for the quarter ended June 2007.
> Sales were up by 54% to Rs.321 crore
> PBDIT was up 60% to Rs.38 crore
> PAT shot up by 66% to Rs.17.4 crore
The company reported an EPS (on full dilution basis) of Rs.6.5.
For the full year though, it is expected to report an EPS in the range of Rs.25-30 per share.
At a CMP of Rs.267, the company is trading at a price-to-earnings multiple of less than 10 times. It remains a BUY in my books and I continue to hold it. Though, I do trade in and out of it occasionally.