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Repro India held a conference call to discuss quarter ended December 2011 results and future growth plans. Mr. Mukesh Dhruve, Director of the company addressed the concall.
Financial Highlights
The net sales for Q3 has gone up by 24% to Rs 80.82 crore while net profit has went up by 56% to Rs 8.27 crore. 60% of overall business is from Export.
Domestic total sales was up by 12% to Rs 32.57 crore while Export sales was up by 33% to Rs 48.25 crore.
80% to 85% of exports comes from Africa.
Surat unit sales was at Rs 35.67 crore while Navi Mumbai unit was at Rs 40.89 crore. Chennai unit sales stood at Rs 4.26 crore.
The company has already completed its capacity expansion and will not go for any big capex for next year.
Interest cost went up 64% to Rs 2.65 crore during the quarter due to loan because of capex incurred, rise in interest cost and increase in working capital.
The company has hedge 75% to 80% of its dollar receivables.
The management expects 20% to 25% of growth Y-o-Y basis.
The company will maintain its OPM of 17% to 18% for FY12.
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