Indo Count Share Price on the Rise after Strong Q1

Indo Count has reported consistent performance

when it comes to revenues, margins and profits
for unaudited reviewed standalone results for the
quarter ended 30th June, 2016.
The revenue of the Company for the Q1 FY17 at
Rs 493 crores was 8 per cent higher than the Rs
458 crores reported during the corresponding
quarter of the previous year.
The company reported an EBIDTA of Rs.110 crores for Q1 FY17 as against Rs.
101 crores in the same quarter previous year. The company has registered an
EBITDA margin at 22.4 per cent.
The margin improvement was due to the growing share of revenues derived
from the Home Textiles segment within Indo Counts business portfolio and
also because of increased share of Value -added products.
The total comprehensive income after tax for Q1 of FY17 is Rs 60 crores as
compared to Rs 52 crores for the same quarter previous year a 16 per cent
growth on yearly basis.
The company has also reported profitable growth, wherein its profit growth
was substantially higher than the percentage increase in its revenue growth.
The increased bottom-line has resulted into improved EPS of Rs 15.3 in Q1
FY17 as against Rs 13.2 in the same quarter of the previous year.
The Capex of the Company is progressing as per schedule and Budget. Phase I
of the same will be completed this year, which will result in expanding of Indo
Counts capacity from 68mn meters to 90mn meters.
The Board of Directors at its meeting held on August 23rd, 2016 have
approved the sub-division of Equity Share of Face Value of Rs 10 each into

Equity Shares of face value of Rs 2 each, subject to approval of members of the

Company by way of postal ballot.
The objective of this particular corporate action is mainly to improve liquidity
of the Companys shares on stock market and to also encourage participation
of the small investors by making the equity shares of the Company affordable.
Indo Count Share price is trading at a CMP of Rs 828.05, up by almost 5 per
cent. The intraday high and the intraday low of the share are Rs 833.30 and Rs
780.00 respectively.
Get the historical share price of Indo Count at Indo Count Share price history.