India : H1FY17 net profit soars 18.9% at Indo Count Industries

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Home / Knowledge / News / Textiles / H1FY17 net profit soars 18.9% at Indo Count Industries

H1FY17 net profit soars 18.9% at Indo Count Industries

30
Nov '16

Net profit at producer and exporter of home textile products, Indo Count Industries Ltd soared 18.9 per cent, over a fiscal ago period to Rs 122.73 crore, in the six months ended September 30, 2016. This was achieved despite revenue growing much slower at Rs 1068.98 in the first half of fiscal 2017, as against Rs 1034.40 crore in the same period of prior fiscal.

In the reporting period, EBIDTA totalled Rs 226.66 crore compared to Rs 206.38 crore in the first half of fiscal 2016, up 9.8 per cent, while EBITDA margin rose 130 basis points to 21.2 per cent vis-à-vis 19.9 per cent in the six months ended September 30, 2015.

Profit before depreciation and tax also surged 16.5 per cent in the six months under review to Rs 205.25 crore versus Rs 176.18 crore in the previous fiscal's first six months. (AR)

Fibre2Fashion News Desk – India

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