Results     18-Jul-18
Analysis
Foseco India
Steady quarter
Related Tables
 Foseco India: Result
Foseco India reported a 1% growth in net sales growth for June 18 quarter which stood at Rs 88.29 crore. OPM was higher by about 30 bps to 15%, resulting in the OP growth of 3% to Rs 13.26 crore. Other income was higher by 95% to Rs 1.09 crore. Interest and depreciation costs stood at Rs 0.11 crore and Rs 1.17 crore respectively, after which PBT stood at Rs 13.07 crore, higher by 9% YoY. With total tax of Rs 4.64 crore, up by 10% YoY, PAT for June 18 quarter stood at Rs 8.43 crore, up by 8% YoY.

Performance for 6 months ended June 18

The company reported a 4% increase in net sales for the 6 months ended June 18 to Rs 181.90 crore. OPM was higher by about 40 bps to 14.3%, resulting in OP of Rs 26.05 crore up by 7%. Other income stood at Rs 1.89 crore up by 67% YoY. Interest and depreciation costs stood at Rs 0.19 crore and Rs 2.35 crore respectively, after which PBT stood at Rs 25.40 crore, up by 12% YoY. With total tax of Rs 9.04 crore, up by 16% YoY, PAT for 6 months ended June 18 stood at Rs 16.36 crore, up by 9% YoY.

Declares first interim dividend of Rs 7 per equity share of face value of Rs 10 each for CY 18.

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