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Results
26-Oct-18
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Analysis
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Foseco India
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Steady show
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Foseco India reported a 1% growth in net sales growth for Sep18 quarter which stood at Rs 91.09 crore. OPM was lower by about 80 bps to 14.9%, resulting in the OP de-growth of 5% to Rs 13.53 crore. Other income was higher by 59% to Rs 0.92 crore. Interest and depreciation costs stood at Nil and Rs 1.17 crore respectively, after which PBT stood at Rs 13.28 crore, flat on YoY basis. With total tax of Rs 4.62 crore, up by 3% YoY, PAT for Sep 18 quarter stood at Rs 8.66 crore, down by 1% YoY.
Performance for 9 months ended Sep 18
The company reported a 3% increase in net sales for the 9 months ended Sep 18 to Rs 272.99 crore. OPM was flat at 14.5%, resulting in a flat OP of Rs 39.58 crore. Other income stood at Rs 2.81 crore up by 64% YoY. Interest and depreciation costs stood at Rs 0.20 crore and Rs 3.52 crore respectively, after which PBT stood at Rs 38.67 crore, up by 7% YoY. With total tax of Rs 13.66 crore, up by 11% YoY, PAT for 9 months ended Sep 18 stood at Rs 25.01 crore, up by 5% YoY.
Company declared 2nd interim dividend of Rs 8 per share of face value of Rs 10 each for CY 18.
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