Cosmo Ferrites Limited, a leading manufacturer and exporter of Soft Ferrites and an emerging player in wire wound magnetic components today declare its financial results for the quarter end 31st March 2022.
| In Rs. Crores | Q4 FY22 | Q4 FY21 | YoY% Increase | FY 22 | FY21 | YoY% Increase |
| Net Revenue | 33.09 | 18.88 | 75% | 113.84 | 63.65 | 79% |
| EBITDA | 9.38 | 2.52 | 272% | 29.49 | 7.88 | 274% |
| PBT | 6.59 | 0.67 | 884% | 18.97 | 0.50 | 3694% |
| PAT | 4.90 | 2.30 | 113% | 14.23 | 1.80 | 691% |
| EPS (in Rs.)(quarterly numbers not annualized) | 4.07 | 1.91 | 113% | 11.83 | 1.50 | 689% |
During Q4FY22 net revenue has increased by 75% on YoY basis back 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 improve to Rs. 4.90 crores and EPS improve to Rs. 4.07 per equity share.
PAT for FY 22 improved to Rs. 14.23 crores (691% YoY improvement) and EPS improve 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.
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.
