Financial Highlights
February 2 2016, 17.20 PM IST || Pocket News Alert
February 02, 2016:
India’s leading fruit juice player, Manpasand Beverages Ltd has reported a net profit of Rs. 4.92 crore for the third quarter ended December 31, 2015 as against net loss of Rs. 2.59 crore in the corresponding period last year. Net sales for Q3 of FY 15-16 at Rs. 89.91 crore were higher by 76% over previous fiscal’s same quarter net sales of Rs. 51.05 crore. Earnings Per Share (EPS) for the Q3FY16 is at Rs. 0.98.
For the nine months ended December 2015, company reported a net profit of Rs. 25.01 crore against a net profit of Rs. 12.64 crore in the corresponding period last year, a growth of 97.9%. Net sales in the nine months of FY 2015-16 at Rs. 326.32 crore were higher by 36.5% compared to Rs. 239.10 crore in the same period of previous fiscal. EPS for the nine months ended FY16 is at Rs. 5.46 as against Rs. 4.22 for nine months ended FY15.
Mr. Dhirendra Singh, Chairman & MD of
Manpasand Beverages said, “Company’s flagship brand
Mango Sip’s sales continue to grow at a fast pace and our new urban market focused Fruits Up brand is getting a very good response from consumers. Expansion plans including setting up of a new manufacturing facility in Haryana and modernisation of Vadodara and Varanasi facilities are completed. During the quarter, company entered into a tie up with German wholesale retail and trading major, METRO Cash & Carry and is exploring more such tie-ups to increase its urban market penetration. Manpasand also became a completely ‘Debt Free’ company by pre-paying its entire outstanding debt from the IPO proceeds and internal accruals.
(Rs Crore)
|
Q3
|
9 Months
|
FY 15-16
|
FY 14-15
|
Growth (%)
|
FY 15-16
|
FY 14-15
|
Growth (%)
|
Net Profit
|
4.92
|
(2.59)
|
NA
|
25.01
|
12.64
|
97.9
|
Net Sales
|
89.91
|
51.05
|
76.1
|
326.32
|
239.10
|
36.5
|
EPS (in Rs.)
|
0.98
|
(0.69)
|
NA
|
5.46
|
4.22
|
29.4
|
