Results     28-Apr-17
Analysis
Foseco India
Margin pressure hurting the growth
Related Tables
 Foseco India: Results
Foseco India reported a 12% increase in net sales for Mar'17 quarter to Rs 88.07 crore. OPM however was lower by about 310 bps to 13.1%, resulting in a fall in OP by 17% to Rs 11.58 crore. Adverse product mix and lower sales of high margin products affected the margins. Other income was higher by 32% to Rs 0.58 crore. Interest and depreciation costs stood at Rs 0.08 crore and Rs 1.30 crore respectively, after which PBT stood at Rs 10.78 crore, lower by 17% YoY. With total tax of Rs 3.58 crore, down by 23% YoY, PAT for Mar'17 quarter stood at Rs 7.20 crore, down by 14% YoY.

Performance for the 12 months ended Dec.16

The company reported a 16% increase in net sales for the 12 months ended Dec.'16 to Rs 339.51 crore. OPM was lower by about 120 bps to 16.1%, restricting the OP growth to 8% to Rs 54.69 crore. Other income stood at Rs 2.09 crore up by 11% YoY. Interest and depreciation costs stood at Rs 0.42 crore and Rs 5.05 crore respectively, after which PBT stood at Rs 51.31 crore, up by 7% YoY. With total tax of Rs 18.24 crore, up by 13% YoY, PAT for 12 months ended Dec.'16 stood at Rs 33.07 crore, up by 4% YoY.

Previous News
  Foseco India
 ( Results - Analysis 28-Feb-23   06:49 )
  Foseco India standalone net profit rises 11.31% in the March 2024 quarter
 ( Results - Announcements 02-May-24   07:38 )
  Foseco India to convene board meeting
 ( Corporate News - 01-Jul-24   09:54 )
  Foseco India announces board meeting date
 ( Corporate News - 29-Dec-23   17:34 )
  Foseco India standalone net profit rises 31.82% in the March 2022 quarter
 ( Results - Announcements 13-May-22   07:49 )
  Foseco India standalone net profit rises 12.80% in the December 2021 quarter
 ( Results - Announcements 11-Feb-22   07:59 )
  Foseco India appoints MD and CEO
 ( Corporate News - 07-May-21   09:16 )
  Foseco India announces board meeting date
 ( Corporate News - 20-Jul-21   09:55 )
  Foseco India standalone net profit declines 50.29% in the September 2020 quarter
 ( Results - Announcements 23-Oct-20   07:58 )
  Foseco India fixes record date for interim dividend
 ( Market Beat - Reports 22-Oct-20   18:18 )
  Board of Foseco India recommends special dividend
 ( Corporate News - 28-Feb-23   16:51 )
Other Stories
  Apollo Hospitals Enterprise
  04-Jun-24   10:04
  ITL Industries
  01-Jun-24   02:14
  International Combustion (India)
  31-May-24   11:32
  Fluidomat
  31-May-24   11:28
  ISGEC Heavy Engineering
  31-May-24   11:24
  Sreeleathers
  31-May-24   11:20
  Cummins India
  31-May-24   11:18
  Bata India
  31-May-24   09:55
  Tata Steel
  31-May-24   08:36
  India Nippon Electricals
  31-May-24   07:03
Back Top