|
Foseco India reported a 12% increase in net sales for Sep'15 quarter to Rs 78.23 crore. OPM was up by 80 bps to 17.6%, resulting in OP growth of 17% to Rs 13.74 crore. As most of the company's raw material is crude oil-based, lower crude oil prices means lower raw material prices, resulting in higher margins for the company. Other income stood at Rs 1.09 crore up by 395% YoY. Interest and depreciation costs stood at Rs 0.04 crore and Rs 1.19 crore respectively, after which PBT stood at Rs 13.60 crore, up by 25% YoY. With total tax of Rs 4.75 crore, up by 18% YoY, PAT for Sep'15 quarter stood at Rs 8.85 crore, up by 29% YoY.
Performance for 9 months ended Sep'15
For 9 months ended Sep'15, net sales are up by 10% to Rs 219.17 crore. OPM was up by 320 bps to 17.7%, resulting in a 34% growth in OP to Rs 38.89 crore. Other income stood at Rs 1.63 crore down by 20% YoY. With interest costs at Rs 0.11 crore and depreciation at Rs 3.40 crore, PBT stood at Rs 37.01 crore, up by 35% YoY. After providing total tax of Rs 12.78 crore, PAT for 9 months ended Sep'15 stood at Rs 24.23 crore, up by 36% YoY.
Performance for the year ended Dec'14
Net sales for 12 months ending Dec'14 stood at Rs 263.37 crore, up by 16% YoY. OPM was up by 170 bps to 14.9% leading to a 31% rise in OP to Rs 39.19 crore. Other income was up by 33% to Rs 3.37 crore. After providing interest costs of Rs 0.17 crore, down by 35% and depreciation of Rs 4.65 crore, down by 9% , PBT stood at Rs 37.74 crore, up by 39%. Total tax for 12 months ending Dec'14 was up by 41% to Rs 13.51 crore, leading to a 38% increase in PAT to Rs 24.59 crore for the 12 months ending Dec'14 on YoY basis.
The Promoters hold about 74.98% share capital in the company and none of them are pledged
The company has declared 3rd interim dividend for CY 2015 of Rs 8 per share of face value of Rs 10 each. This brings total cumulative interim dividend of Rs 19.50 per share of face value of Rs 10 each for CY 2015.
|