Results     23-Apr-15
Everest Industries
Building products' profits jump through the roof
Related Tables
 Everest Industries: Results
 Everest Industries : Segment Results
For the quarter ended March'15, net sales of Everest Industries stood at Rs 318.46 crore, up by 4% YoY. Sales from Building Product segment stood at Rs 212.78 crore, which was flat on YoY basis and sale from Steel building segment stood at Rs 105.68 crore up by 12% on YoY.

OPM of the company stood at 7.9% as compared to a 4.4% for Mar'14 quarter. Segmental PBIT margin of Building Product segment stood at 11.1% and Segmental PBIT stood at Rs 23.56 crore, as compared to a segmental PBIT of Rs 9.22 crore for Mar'14 quarter. Segmental PBIT margin of Steel Building stood at 2.1% and profit at Segmental PBIT stood at Rs 2.24 crore, as compared to profit at PBIT level of Rs 5.08 crore YoY. Thus, the overall OP for Mar'15 quarter stood at Rs 25.13 crore up by 86% YoY.

Other income was down by 2% to Rs 3.12 crore. Interest costs were up by 57% to Rs 7.25 crore. Depreciation was down by 11% at Rs 6.74 crore. Thus, PBT for Mar'15 quarter stood at Rs 14.26 crore up by 216% YoY. After providing total tax of Rs 4.19 crore, PAT for Mar'15 quarter stood at Rs 10.07 crore as compared to PAT of Rs 3.04 crore for Mar'14 quarter.

Annual performance for the year ended March 2015

For FY'15, net sales of the company stood at Rs 1230.50 crore, up by 19% YoY. OPM was up by 290 bps to 6.7% which has resulted a 106% increase in OP to Rs 81.95 crore. Net sales from Building product segment stood at Rs 867.18 crore up by 14% YoY and net sales from Steel Building segment stood at Rs 363.32 crore up by 31% YoY. Segmental PBIT for Building segment stood at Rs 85.28 crore with Segmental PBIT margin at 9.8% and Segmental loss at PBIT level from Steel building segment stood at Rs 2.56 crore as compared to segmental profit of Rs 9.06 crore for 12 months ended Mar'14.

Other income was down by 15% to Rs 10.46 crore. Interest costs was up by 49% to Rs 18.69 crore and depreciation was down by 5% to Rs 25.42 crore thus PBT stood at Rs 48.30 crore up by 278% YoY. After providing total tax of Rs 14.07 crore, up by 275%, PAT for FY'15 stood at Rs 34.23 crore, up by 279% YoY.

Promoters hold 49.18% of total share capital and none of them are pledged.

Share price trades at Rs 340.

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