Cosmo Ferrites Ltd.
BSE: 523100 | Sector: Engineering |
NSE: N.A. | ISIN Code: INE124B01018 |
BSE 00:00 | 12 Aug | 394.95 |
-4.05 (-1.02%) |
OPEN
415.20 |
HIGH
415.20 |
LOW
391.00 |
NSE 05:30 | 01 Jan | Cosmo Ferrites Ltd |
OPEN | 415.20 |
PREVIOUS CLOSE | 399.00 |
VOLUME | 7505 |
52-Week high | 673.00 |
52-Week low | 47.10 |
P/E | 27.14 |
Mkt Cap.(Rs cr) | 475 |
Buy Price | 0.00 |
Buy Qty | 0.00 |
Sell Price | 0.00 |
Sell Qty | 0.00 |
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
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