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

| More

Singer India announces FY19 results

Posted On: 2019-05-23 15:14:49

- Singer India maintains Double Digit Growth in its revenue
- EBITDA improves by 17.7%
- Revenue from operations at Rs. 482.98 crores in FY 18-19 increased by 15%.
- Profit After Tax (PAT) at Rs. 9.26 Crores in FY 18-19 marginally improved over prior year as in the Previous year there was a onetime tax benefit recorded.
- Quarter ended 31St March 2019 results show growth in Revenue by 22%.

In view of the consistent performance yet in another year the Board recommends a final dividend of Rs.0.40 per equity share of Rs. 2 each. Taking in account the interim dividend paid earlier during the year at 20%, the total dividend rate if approved will be 40% this year (compared to 37.5% Last Year).

Singer India Limited ("Singer" or the "Company") reported its financial results for the quarter ended 31st March 2019 and the FY 18-19 prepared under Ind AS. The results continued to show improvement over the prior year both in sewing machines business and home appliances business. While there has been a consistent growth in the home appliances business ever since the Company re-entered in this business supported by volumes and new product launches, the sewing machines business which had been struggling a bit has shown improvement in the last 2 quarters of FY 19 and the Company managed to deliver a better product mix there to record growth. The Home Appliances business now account for 30% of the total business of the Company. Last year it was 27%.

Commenting on the FY 2019 results, Rajeev Bajaj, Managing Director, Singer India Limited noted the results show yet another a satisfactory performance and it was good to see both business verticals viz. Sewing Machines business and Home Appliances business growing. As expected, the growth rate in Home Appliances business ought to be higher due to its lower base compared to Sewing Machines Business. The Company had been investing in the Support related activities like After sales Service, New product development and Logistics for securing a larger growth in Home Appliances in future and that is why the profitability was not reflecting a picture which it should have.

The strategy remains to improve the margins by focusing on profitable product mix and at the same time strengthening brand awareness. The Management team is working on to improve in all respects to deliver a much better performance in future years.

We thank the Singer management and staff for their hard work.

Shares of SINGER INDIA LTD. was last trading in BSE at Rs.41.7 as compared to the previous close of Rs. 42.05. The total number of shares traded during the day was 17547 in over 88 trades.

The stock hit an intraday high of Rs. 42.95 and intraday low of 41.25. The net turnover during the day was Rs. 735597.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Mindtree Ltd appoints Mr. Jayant Damodar Patil as Non-Executive Director

Wipro Launches Pivotal Software Center of Excellence in Dallas, Texas

Bombay Dyeing & Manufacturing Company Ltd announces resignation of Chief Financial Officer

Magma Wins 'Best NBFC of the Year' at India Banking Summit & Awards 2019

Everest Group PEAK Matrix™ recognizes Wipro as a Leader in 2019 Healthcare Payer Digital Services

Mindtree Ltd appoints Mr. Sekharipuram Narayanan Subrahmanyan as Non-Executive Director

Hindustan Aeronautics Ltd board to consider final dividend on June 28, 2019

TCS Wins 2019 Pega Partner Award for Excellence in Digital Transformation

Federal Bank Ltd allots 1000 Basel III compliant bonds

Wipro Gallagher Solutions Releases NetOxygen Launchpad 3.0

3i Infotech Ltd board to consider Q1 results on July 12, 2019

Kewal Kiran Clothing Ltd board declares 1st interim dividend of Rs. 11

Promoters consolidate their holding in Man Industries

APM Industries Ltd board recommends dividend of Rs. 0.50

CRISIL reaffirms ratings of APL Apollo Tubes Ltd

NTPC Wins 160 MW Solar Capacities in SECI's Rajasthan Tranche-II, 750MW Tender

Mindtree Recognized for its Digital Excellence by ISG

Datiware Maritime Infra Ltd receives Rs. 15 crores order from Indian Navy

Megastar Foods Ltd to acquire Megapacific Ventures Pvt Ltd

PSP Projects Ltd awarded projects of Rs. 601.40 crores

3i Infotech Ltd forms subsidiary in Nigeria

Jagran Prakashan Ltd issues commercial paper of Rs. 65 crores

Adani Green Energy Ltd receives LOA for 130 MW Wind Power Project From SECI

Sangam Renewables Ltd appoints Ms. Anita Jaiswal as woman director

IL&FS Engineering Services receives approval for restart of the Road Project with MoRTH

Town of Florence and Subex establish IoT security lab in collaboration

8K MILES SOFTWARE SERVICES LTD calls for board meeting on June 28, 2019

PSP Projects Ltd bags new work orders worth Rs. 607.04 crores

Manappuram Finance Ltd completes acquisition of 92.6% in Manappuram Comptech & Consultants Ltd

CARE reaffirms rating of PNC Bundelkhand Highways Pvt Ltd

The Ramco Cements Ltd bags awards

Pricol Ltd to hive off overseas subsidiaries

Glenmark Pharmaceuticals receives tentative ANDA approval for Clindamycin Phosphate Foam, 1%

PNB board approves raising Rs. 1500 crore through Basel III compliant Tier II bonds

BEML donates for cyclone 'Fani' relief work, Odisha

TAAL Enterprises Ltd calls for board meeting on June 24, 2019

Newgen Makes its OmniFlow iBPS Platform More Intelligent with Process Insights

HDFC Limited to acquire Apollo Hospitals Group's shares in Apollo Munich and to merge with HDFC ERGO

TCS Retains Position as America's Most Community-Minded Information Technology Company

Bombay Cycle & Motor Agency Ltd Board to consider Bonus Issue on June 22, 2019

IndusInd Bank Ltd announces record date for issue of shares to BFIL shareholders

Brickwork reaffirms rating of Parsvnath Rail Land Project Pvt Ltd

Adani Green Energy Ltd arm receives LOAs for 600 MW hybrid projects

TCS Named 2018 Top Supplier of the year by QIAGEN

International Paper APPM Ltd announces annual outage from July 29, 2019 to Aug 28, 2019

Rajesh Exports bags new export order worth Rs. 942 crores from Germany, Europe

Indostar Capital Finance Limited and ICICI Bank Limited partner to finance Commercial Vehicles

BHEL successfully commissions Chhukha Unit-1 in Bhutan

Asian Oilfield Services receives orders of $37 mn

GAIL India Ltd fixes July 10, 2019 as record date for bonus issue

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

disclaimer copyright © 2005 - 2019