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Kwality records Rs 37.90 crore PAT for Q2FY16; net sales growth 10.47%
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Tuesday, 17 November, 2015, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d Kwality Ltd, a leading dairy food company, recently announced its financial results for the quarter and half year ended September 30, 2015.
For the quarter ended September 30, 2015, net sales stood at Rs 1432.59 crore as against Rs 1296.87 crore of Q2 of FY15 registering a growth of 10.47%. The EBIDTA for the period stood at Rs 95.25 crore as compared to Rs 78.99 crore registering growth of 20.58%. For Q2FY16 company reported profit before tax of Rs 50.20 crore up 18.34% from Rs 42.41 crore in FY15. The PAT for the quarter stood at Rs 37.90 crore as compared to Rs 36.57 crore for the corresponding quarter of the same period.
Commenting on the company’s performance, Sanjay Dhingra, MD, said, “The financial results for this quarter are in line with the company’s strategy of achieving profitable growth. Our persistent focus on customers and quality of our products has helped us to take on the margin pressures, which resulted in the overall positive performance of the company. We are aggressively eyeing the retail market now which is sure to further propel the growth of the company.”
For the first half of FY 16 ended September 30, 2015, net sales stood at Rs 2843.87 crore as against Rs 2623.09 crore of H1 of FY15 registering a growth of 8.42%. The EBIDTA for the period stood at Rs 187.50 crore as compared to Rs 156.08 crore registering growth of 20.13%. For H1FY16 company reported profit before tax of Rs 98.30 crore up 19.18% from Rs 82.48 crore in H1FY15. The PAT for the first half of FY16 stood at Rs 73.49 crore as compared to Rs 70.67 crore for the corresponding same period.
Elaborating on earnings, Sunit Shangle, CFO, Kwality Ltd, said, “We are very happy with the earnings, which is a reflection of our persistent focus on maintaining the highest quality standards along with a robust distribution system. We saw great momentum across the whole business, in our geographies and market segments this quarter. Our aim to expand our reach has been a step in the right direction and is sure to bring more impressive results in the times to come. The work at our plant is on full momentum and we are confident to have the same ready as per plan. Going forward we see better margins as we intend to introduce new value-added products across geographies in phased manner.”
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