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7272019 Moser Baer India Ltd 010314 Rst

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Moser Baer announces audited results for the period

ended December 31st 2013

New DelhiFebruary 28 2014

Moser Baer India Limited (MBIL) today released its audited financial results forthe third quarter and financial period (9 months) ending December 31 2013approved by its Board of Directors at its meeting in New Delhi

Talking about the Companyrsquos Storage Media business and strategy Bhaskar

Sharma CEO Storage Media MBIL said ldquoGiven the need to transition in theOptical Media industry our focus continued to be on rationalization ofoperating costs in manufacturing and consolidation of operations to generatecost efficiencies We anticipate future growth in the business driven byincrease in sales of Solid State Media segment However our ability to ramp upthe Solid State Media operations further to cater to the burgeoning demand inthe segment is currently constrained on account of short term liquidity issuesrdquo

Trends in Storage Media Business

bull Net Sales stood at INR 28476 million during the quarter constrained byliquidity position

bull The ongoing reshuffle in the global Optical Media industry affected thedemand and ASPs for players

bull Drop in ASPs and Production Volumes adversely impacted the marginsand profitability

bull Key raw material costs remained soft

bull Given the liquidity constrained manufacturing environment Moser Baerwas able to reduce inventory levels to meet part of the demand

K N Subramaniam CEO Moser Baer Solar Limited said ldquoThe recentannouncement of four Ultra Mega Power Projects (UMPP) of 500 MWs each insolar excites us from the perspective of solar manufacturing and providing EPCservices This visibility of 2000 MW along with recent bids for 750 MW underNational Solar Mission has put the spot light on the solar sector Considering our



technology lineage in manufacturing along with our leadership position as thelargest solar EPC player these developments augur well for us and theindustryrdquo

Trends in the Solar Photovoltaic business

bull Global PV installations continued to remain strong during 2H CY 2013 dueto high demand from China Japan amp USA global PV industry is forecastto grow by over 35 to reach 49 GW in CY 2014 (Solarbuzz)

bull In October 2013 MNRE announced Phase II Batch I of the National SolarMission to be implemented within 13 months from execution of PPAsUnder this 375 MW out of the total 750MW target installations had amandatory requirement of domestic content

bull Tremendous response on bid of 2X on DCR category and 4X on opencategory was received from developers amid an overall receipt of bids of2170MW

bull During the 9 month period Apr-Declsquo13 Moser Baer Solar (MBSL) exportedover 30 MW of Modules to the highly competitive and quality consciousJapanese market

Summing up the financial results Yogesh Mathur Group Chief Financial

Officer MBIL said ldquoDuring the quarter the company continued to face short

term liquidity challenges affecting the income generated Continuous operatinglosses during the period of revival have led to erosion of our reserves Thecompany continues to be in discussions with lenders to address the issues andramp up operationsrdquo

About Moser Baer India Ltd

Moser Baer India Limited headquartered in New Delhi is a leading global tech-manufacturing company Established in 1983 the company has successfully

developed cutting edge technologies to become one of the worlds largestmanufacturers of Optical Storage media like CDs and DVDs The company alsoemerged as the first to market the next-generation of storage formats like Blu-Ray discs in India Over the years the company has entered into exciting areasof content replication home entertainment and is a market leader in the highgrowth photovoltaic space It is the only company worldwide to receive theprestigious 5-star rating from TUumlV Rheinland for 3 years in a row (2009 - 2012)



maintaining highest standards of quality in manufacturing PV modules MoserBaer India has emerged as one of the most credible brands focused on hi-techmanufacturing and R amp D activities It is continuing to unfold the nextgeneration innovative technologies that will catapult India into a respectablemanufacturing hub

Website wwwmoserbaercom

For further information please contact

communicationsmbmoserbaerin

or

Sona Endow Deputy Manager Corporate Communications

sonaendowmoserbaerin

Tel 011-40594117







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or



Tel 011-40594117





















or



Tel 011-40594117

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