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Indo Count: Moving at full speed - Views on News from Equitymaster
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Indo Count: Moving at full speed
Nov 5, 2015

Indo Count Industries Limited announced its results for the quarter ended September 2015. During the period, the company's revenues grew by 22% YoY, while profits were up by 55% YoY.
Performance summary
  • Revenues up by 22% YoY during the quarter.
  • Operating profits rise by 56% YoY as margins expand to 21.4% from 16.7% in same period last year.
  • Net profits rise by 55% YoY. Profit before tax was up by 74% YoY; however the higher tax outgo (MAT credit entitlement) leads to a relatively slower growth in profit.
  • During 1HFY16, revenues up by 31% YoY, while profits rise by 80% YoY.
  • Board declares dividend of Re 1 per share (yield of 0.8%).

Financial snapshot

(Rs m) 2QFY15 2QFY16 Change 1HFY15 1HFY16 Change
Net sales 4,788 5,821 21.6% 7,949 10,431 31.2%
Expenditure 3,990 4,577 14.7% 6,631 8,149 22.9%
Operating profit (EBDITA) 799 1245 55.8% 1,318 2,282 73.1%
Operating profit margin (%) 16.7% 21.4%   16.6% 21.9%  
Depreciation 37 44 18.9% 72 86 18.3%
EBIT 762 1,201 57.6% 1,246 2,197 76.3%
EBIT margin (%) 15.9% 20.6%   15.7% 21.1%  
Interest 179 155 -13.5% 318 304 -4.6%
Other income - -   - -  
Prior period items - (31)     (31)  
Profit before tax 583 1,015 74.0% 928 1,862 100.6%
Tax 158 355 124.9% 254 649 155.4%
eps 27.1% 35.0%   27.4% 34.8%  
Profit after tax/(loss) 425 659 55.1% 674 1,213 80.0%
Net profit margin (%) 8.9% 11.3%   8.5% 11.6%  
No. of shares (m)       39.5 39.5  
Fully diluted EPS (Rs)*         56.2  
P/E (x)*         16.3  

* trailing 12 months earnings

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