Improved Rural Marketing Focus and Share of Value added products help Emmbi to improve Profitability in FY18.
Mumbai, 31ST May 2018 (TGN) :
Emmbi Industries Limited, (BSE: 533161; NSE: EMMBI) a market leader in water conservation and polymer processing declared its results today with a record quarterly performance for fourth quarter and full year FY 2017-18.
Financial Highlights for FY17-18 (Rs. In Millions)
Particulars
|
FY18
|
FY17
|
% Increase Y-o-Y
|
GROSS SALES
|
2,789.83
|
2,409.89
|
15.77
|
EBITDA
|
352.96
|
296.53
|
19.03
|
PAT
|
152.62
|
124.35
|
22.73
|
EPS
|
8.63
|
7.03
|
22.73
|
Commenting on the FY18 financial performance of the Emmbi industries Limited, Mr. Makrand Appalwar, MD, said, “The B2C vertical carved out by the company has helped us to move up the value chain by improving our product mix leading to better profitability and scalability during the year. Our conscious efforts to increase B2C share of the business has led us to introduce rural centric brands like Emmbi Jalsanchay and Emmbi Krishirakshak which indeed helped is in increasing our presence among rural consumers. The management is optimistic on the expectations of normal monsoon which will drive its B2C portfolio and improve capacity utilization levels”.
Financial Highlights for fourth quarter ended 31st March, 2018:
Particulars
|
Q4FY18
|
Q4FY17
|
% Increase Q-o-Q
|
Net income from operations *
|
684.42
|
632.21
|
8.26
|
EBITDA
|
97.10
|
86.97
|
11.64
|
PAT
|
40.63
|
37.94
|
7.08
|
EPS
|
2.30
|
2.14
|
7.08
|
*Net income for Q4FY18 is excluding GST recovery implemented in India w.e.f. 1st July 2017. Net income for previous quarters in pre GST regime is net of excise duty.
Performance Highlights:
Company’s revenue for the FY18 has increased to Rs. 2,789.83 Million from Rs. 2,409.89 Million in FY17. This is an increase of 15.77% over previous year.
The increase in revenue in FY17-18 has been driven due to following reasons:
· Rise in exports due to increase in global demand of our various products in Specialty Packaging and Advanced Composites Business Verticals.
· Increase in share of B2C vertical to ~9% through our brand building activities by enhancing our presence in rural markets.
Steady improvement in profit margins through following reasons:
· Higher contribution of value added products portfolio driven by strong brand equity;
· Improved Traction in our newly launched products;
· Savings in interest cost due to optimal allocation of funds.
For the Year 2018-19:
Emmbi Industries continue to expand its Retail segment by launching margin accretive products developed by in-house R&D technology to cater large untapped market. The management continues to invest in building its consumer brands to increase the share of B2C vertical to drive profitability. The company expects higher growth momentum in revenues going forward due to expansion of capacity in last financial year and commensurate double digit growth in PAT and EPS.ENDS
About Emmbi Industries Limited :
Emmbi Industries Limited is a well-established brand in polymer processing and a niche player with advance applications in the areas of water conservation, logistics, agriculture, packaging, geo-textiles and various other polymer based material. Emmbi enjoys a prudent track record of more than two decades business.
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