Results     24-Apr-18
Analysis
Foseco India
In a slow recovery mode
Related Tables
 Foseco India: Result
Foseco India reported a 6% growth in net sales growth for Mar 18 quarter which stood at Rs 93.61 crore. OPM was higher by about 60 bps to 13.5%, resulting in the OP growth of 11% to Rs 12.63 crore. Other income was higher by 63% to Rs 0.93 crore. Interest and depreciation costs stood at Rs 0.08 crore and Rs 1.17 crore respectively, after which PBT stood at Rs 12.33 crore, higher by 16% YoY. With total tax of Rs 4.39 crore, up by 25% YoY, PAT for Mar 18 quarter stood at Rs 7.94 crore, up by 12% YoY.

Performance for 12 months ended Dec 17

The company reported a 5% increase in net sales for the 12 months ended Dec 17 to Rs 357.59 crore. OPM was lower by about 210 bps to 14.2%, resulting in OP fall of 7% to Rs 50.94 crore. Other income stood at Rs 2.53 crore up by 21% YoY. Interest and depreciation costs stood at Rs 0.35 crore and Rs 5.34 crore respectively, after which PBT stood at Rs 47.78 crore, down by 7% YoY. With total tax of Rs 16.46 crore, down by 10% YoY, PAT for 12 months ended Dec 17 stood at Rs 31.32 crore, down by 5% YoY.

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