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Cosmo Ferrites Ltd.

BSE: 523100 Sector: Engineering
NSE: N.A. ISIN Code: INE124B01018
BSE LIVE 11:34 | 24 May 19.05 -0.45
(-2.31%)
OPEN

20.00

HIGH

20.00

LOW

19.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 20.00
PREVIOUS CLOSE 19.50
VOLUME 1005
52-Week high 28.40
52-Week low 14.15
P/E
Mkt Cap.(Rs cr) 23
Buy Price 19.05
Buy Qty 100.00
Sell Price 19.80
Sell Qty 420.00
OPEN 20.00
CLOSE 19.50
VOLUME 1005
52-Week high 28.40
52-Week low 14.15
P/E
Mkt Cap.(Rs cr) 23
Buy Price 19.05
Buy Qty 100.00
Sell Price 19.80
Sell Qty 420.00

Cosmo Ferrites Ltd. (COSMOFERRITES) - Chairman Speech

Company chairman speech

COSMO FERRITES LIMITED ANNUAL REPORT 2005-2006 CHAIRMAN'S REPORT Dear Shareholder, Your company's audited results for the quarter ended June 30, 2006 were adopted by the board today. This quarter has shown an improved performance as compared to the corresponding quarter last year. Principally the effort has been on improved product mix and operational efficiencies. The comparison of the quarter with corresponding period of the previous year is: Unit Quarter ending June, 06 June, 05 Net Sales Revenue 1. Domestic Rs.Cr 2.93 2.29 2. Exports Rs.Cr 4.57 3.52 Total Rs.Cr 7.50 5.81 Profit before Interest, Depreciation and Taxes (PBIDT) Rs.Cr 2.06 1.21 PBIDT as % of Net Sales % 27.7 20.97 Profit/(Loss) before tax Rs.Cr 1.10 0.15 Profit/(Loss) after Tax Rs.Cr 0.73 0.59 The main highlights of the quarterly performance are: Increase in Net Sales to Rs.7.50 crores from Rs.5.81 crores. This indicates a jump of 29% from the corresponding quarter last year. Marked improvement in Sales Realization this quarter due to better prices & product mix. Operational efficiency improvements. Zinc Oxide & Diesel has continued its upwardjourney during this quarter. A capacity expansion of approximately 150 tons per annum is in the process of being implemented. It is expected to be in commercial production by October 2006. This expansion is directed towards the development and production of higher realization materials and products for the premium segment of the market. The estimated project cost for the same is Rs. 3.7 crore, which is being met by a long-term loan of Rs. 2.83 crore, and the balance through internal accruals. I look forward with optimism for substantially better results in the current year. With best wishes Ashok Jaipuria