Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Sheela Foam Ltd reports Q2 FY19 results

Posted On: 2018-11-07 12:55:04

During this quarter, Sheela Foam Limited posted Revenue from operations of Rs.535 crores, compared to Rs.486 crores of Q2FY 18, an increase of more than 10 %. The EBITDA for Q2FY19 was Rs. 43 crores as compared to Rs. 57 crores of Q2FY18. Netprofit for Q2FY19 was Rs. 24 crores as compared to Rs. 34 crores of Q2FY18.

During the qtr. the Revenue from operations on standalone basis was Rs. 450 crores compared to Rs. 408 crores i.e. an increase of more than 10 %. However the EBITDA decreased from Rs. 50 crores to Rs.36 crores. The Net profit also decreased from Rs.3lcrores to Rs. 22 crores.

The temporary EBITDA reduction vis-a-vis corresponding quarter was due to Increase in raw material costs, not fully absorbed by price increases. Average TDI cost increased to Rs 280 per kg from Rs. 260 per kg. The average Polyol prices went up from Rs. 109 per kg to Rs 130 per kg, primarily due to foreign exchange fluctuation.

The temporary EBITDA reduction vis--vis trailing quarter was due to additional Expenditure incurred on more than 800 MBOs converted into EBOs .As against the target of 4000 EBO by March 2020, the Company has already made 3610 EBO. Further, the Company is now focusing on Tertiary Sales and is investing in improving the footfalls and the conversion rate in Exclusive Branded Outlets. This resulted into Higher Marketing & selling Expenses.

To Improve the EBITDA, the Company has already implemented price increase w.e.f. 1.10.2018 for Branded Bedding Products.

During this quarter, Revenue from operations from Australia was Rs.86 crores, compared to Rs. 77 crores, an increase of more than 10%. The EBITDA, was constant at Rs. 7 crores.

1. Raw Material Prices: The price of TDI, one of the critical raw materials was Rs. 295 per kg at the beginning of the quarter, which went down to Rs.250 per kg by the end of the quarter. However full benefit of the same could not be achieved, due to carrying Inventory of imported TDI. Present price of TDI is Rs. 205 per kg.

2. Exclusive Branded Outlets (EBO): During the first half, the Company has taken an aggressive approach to convert MBO to EBO. This resulted into higher expenditure on In -Shop Advertising, leading to a temporary decline in EBITDA for the current quarter. The Company expects higher growth through EBO, in times to come.

3. PRICES: Considering the foreign Exchange Fluctuation and increased expense on Marketing & Selling Expenses, the Company has decided to increase the prices of Branded Bedding products w.e.f. 1.10.2018.

Shares of Sheela Foam Ltd was last trading in BSE at Rs.1452 as compared to the previous close of Rs. 1564.4. The total number of shares traded during the day was 313 in over 82 trades.

The stock hit an intraday high of Rs. 1508 and intraday low of 1412.5. The net turnover during the day was Rs. 453182.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Swaraj Engines Ltd Board Recommends 500% Dividend

KPIT Technologies gets listed on BSE and NSE

Hindustan Copper Ltd board to consider QIP on April 25, 2019

Blackstone Commits up to $460 million to Acquire a Majority Stake in Essel Propack

Suven completes purchase of assets of Rising Pharmaceuticals through JV partner, Shore Suven Pharma Inc.

Ashika Credit Capital Ltd FY19 PAT surges to Rs. 7.55 crores

VTM Ltd Board recommends Dividend of Rs. 0.90

Indian Hotels Company Ltd Board to consider FY19 results & Dividend on April 30, 2019

Symphony Limited announces closure of Surat SEZ Unit

BASF India Ltd calls for board meeting on April 30, 2019

Hindustan Unilever Ltd board to recommend dividend, consider FY19 results on May 3, 2019

VTM Ltd reports PAT of Rs. 10.21 crores in FY 2018-19

Dr. Lal PathLabs Ltd calls for board meeting on May 17, 2019

Reliance Nippon Life Asset Management Ltd board to announce FY19 results, dividend on April 29, 2019

Vinyl Chemicals India Ltd board to approve dividend, FY19 results on May 13, 2019

Alembic Pharmaceuticals Ltd board to consider FY19 results, dividend on May 8, 2019

QGO Finance Ltd posts net profit of Rs. 0.04 crore in FY19

India Post Partners with TCS to Digitally Reimagine Postal Services

Asian Paints Ltd resumes operations at Vizag plant

Mahindra Lifespace Developers Ltd FY19 PAT climbs to Rs. 118.67 crores

Pil Italica Lifestyle Ltd announces resignation of CS

Mahindra Lifespace Developers Ltd board approves dividend of Rs. 6

PVR Ltd launches 6 screens multiplex at Amritsar

Sadhana Nitro Chem Ltd board approves interim dividend of Rs. 1.25 for 2018-19

GHCL launched 'REKOOP' CertainT® verified recycled PET bedding products on

Elecon Engineering Company Ltd board to consider Q4, FY19 results on May 7, 2019

GOA Carbon Ltd continues to post loss in Q4 FY19

Supreme Industries Ltd board to approve FY19 results, dividend on May 7, 2019

Mindteck India Ltd board to announce Q4, FY19 results on May 28, 2019

Goodyear India Ltd appoints Mr. Anup Karnwal as company secretary

Radico Khaitan Ltd board to approve dividend, FY19 results on May 2, 2019

Baleno now with Next Generation Smart Hybrid Technology

Alembic Pharmaceuticals receives US FDA Approval for Teriflunomide Tablets, 7 mg and 14 mg

Birlasoft recognized as Rising Star USA in the Salesforce Ecosystem by ISG

Monsanto India Ltd board to announce FY19 results, dividend on April 30, 2019

Huhtamaki PPL Ltd calls for board meeting on May 9, 2019

SpiceJet, Emirates sign MoU for codeshare partnership

Sanofi India Ltd board to announce Q1 CY2019 results on May 7, 2019

EIMCO Elecon India Ltd board to consider dividend, Q4, FY19 results on May 7, 2019

Adani Defence Systems and Technologies Ltd acquires Alpha Design Technologies Pvt Ltd

Shilpa Medicare Ltd receives US FDA approval for Busulfan Injection

Indag Rubber Ltd Board recommends Final Dividend of Rs. 1.50 for 2018-19

Avantel Limited bags order from Boeing

Shilpa Medicare Ltd receives EIR from USFDA for R&D unit at Modavalasa

HDFC Bank Ltd Board recommends Dividend of Rs. 15 for 2018-19

HDFC Bank announces Q4, FY2018-19 results

Indag Rubber Ltd Q4 PAT slides to Rs. 1.91 crore

SVP Housing Ltd updates on changes in board

Kridhan Infra Ltd appoints Ms. Rajeshree Mishra as CFO

NELCO Ltd board to approve dividend, Q4, FY19 results on April 27, 2019

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019