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Foseco India reported a 6% growth in net sales growth for Dec 17 quarter which stood at Rs 91.89 crore. OPM was lower by about 60 bps to 13.2%, restricting the OP growth to 1% to Rs 12.11 crore. Other income was higher by 229% to Rs 0.92 crore. Interest and depreciation costs stood at Rs 0.11 crore and Rs 1.31 crore respectively, after which PBT stood at Rs 11.61 crore, higher by 8% YoY. With total tax of Rs 4.13 crore, up by 10% YoY, PAT for Dec 17 quarter stood at Rs 7.48 crore, up by 6% 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.
The company declared final dividend of Rs 12 per equity share of face value of Rs 10 each, this together with 2 interim dividends, make total dividend for CY 17 at Rs 25 per equity share of face value of Rs 10 each.
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