forpressrelease Mail to a Friend
Rate forpressrelease forpressrelease forpressrelease forpressrelease forpressrelease 

Cosmo Ferrites Limited declared its financial results for the quarter ended March 31st 2022



2022-05-23 05:56:06 Business

195


Mumbai, 12th May 2022: Cosmo Ferrites Limited, a leading manufacturer and exporter of Soft Ferrites and an emerging player in wire wound magnetic components today declared its financial results for the quarter ended March 31st 2022.

During Q4FY22 net revenue has increased by 75% on YoY basis backed by higher volumes, better sales realisation and increased sale of technologically advanced ferrite cores. Higher volumes, better sales realisation and continuously improving internal efficiencies contributed to improvement in EBITDA by 272%.

YoY PAT for the Quarter improved to Rs. 4.90 crores and EPS improved to Rs. 4.07 per equity share.

PAT for FY 22 improved to Rs. 14.23 crores (691% YoY improvement) and EPS improved to Rs. 11.83 per equity share (689% YoY improvement).

FY22 ROCE and ROE stands at 46% and 63% respectively. Net Debt at Rs. 47.6 crores is 1.6 times of EBITDA.

Commenting on Company’s performance Mr. Ambrish Jaipuria, Chairman, Cosmo Ferrites Ltd. said “We continue to work on developing new customers and new applications for our products with a focus to capture larger share in the Global market. Company’s expansion plans to increase Soft Ferrites manufacturing capacity from 2400 MT per annum to 3600 MT per annum will be operational from Q2 FY23. We are also investing in a Top Hat Kiln to meet customers growing demand for higher permeability ferrite cores. The Top Hat Kiln with a capacity of 300MT per annum will be operational from Q4 FY 23 and will increase the overall capacity to 3,900MT from Q4 FY 23”.


About Cosmo Ferrites Limited

Established in 1986, Cosmo Ferrites Limited is the largest producer of manganese (MnZn) based Soft Ferrite cores in India. Cosmo Ferrites is also the leading soft ferrite core exporter from India exporting to more than 50 countries across the Globe. The Company has a State of the art manufacturing facility located in the foothills of Himalaya in the State of Himachal Pradesh. The products manufactured goes into multiple applications in Electronics industry. The Company is also into manufacturing of wire wound magnetic components, a forward integration of Soft Ferrites.

Company :-Adfactors PR

User :- Abhishek Verma

Email :-abhishek.verma@adfactorspr.com


forpressrelease



Related Post

Advertisement

Hire an expert to write a paper for you at writers per hour.