27 Sep 2020 | 4:54 PM

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Indo Count Industries reports sales volume of 13.9 mn meters for Q1FY20
  Indo Count Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-09-2019
Home Textile manufacturer Indo Count Industries Limited said that “it has reported un-audited Standalone and Consolidated results for the quarter ended 30th June 2019” in a filing to Bombay Stock Exchange.


Anil Kumar Jain Executive Chairman said “We have laid a strong foundation and are optimistic on the future growth. Going forward as we capitalize on the demand in our largest market we expect this to replicate in our volume & value growth.”


“Our robust brand portfolio along with our deeper understanding of the markets has enabled us to strengthen our relations with the customers globally” Anil said.


As per the BSE report the sales volume for Q1FY20 stood at 13.9 mn meters versus 14.4 mn metres in Q1FY19. For the current financial year we expect volumes to be in the range of 63 - 65 mn meters.


The company declared its Standalone Performance stating that the Total Income for Q1FY20 stood at Rs. 477 crores as against Rs. 457 crores for Q1FY19 registering a growth of 4.4 per cent. The growth was 18.8 per cent on QoQ basis which reported Total Income of Rs. 402 crores in Q4FY19 EBITDA for Q1FY20 registered a growth of 8.4 per cent and stood at Rs. 69 crores versus Rs. 64 crores for Q1FY19.


Further EBITDA Margin was at 14.6 per cent in Q1FY20 versus 14.0 per cent in Q1FY19 registering a growth of 53bps on YoY basis. The growth in EBITDA on QoQ basis was more than 240 per cent with a margin expansion of 949 bps.


The company declared its Consolidated Performance stating that the Total Income for Q1FY20 stood at Rs. 518 crores as against Rs. 477 crores for Q1FY19 registering a growth of 8.7 per cent. The growth was 17.3 per cent on QoQ basis which reported Total Income of Rs. 442 crores in Q4FY19.


Further the Consolidated EBITDA for Q1FY20 registered a growth of 8.0 per cent and stood at Rs. 71 crores versus Rs. 66 crores for Q1FY19. The EBITDA Margin stood at 13.8 per cent in Q1FY20 The growth in EBITDA on QoQ basis was more than 350 per cent with a margin expansion of 1022bps.


In addition the Net debt position of the Company as of 30th June 2019 stands at Rs.427.42 Crs. The Net Debt to Equity ratio is at 0.43X.


The company said that for FY20 it expects the maintainence capex spend to be in range of Rs. 25 to Rs. 30 crores.


The shares of Indo Count Industries traded at Rs. 35.35 apiece high at 0.10 points or 0.28 per cent on the BSE.