(All figures in Rs crore unless stated otherwise)
Q4FY16
| Particular | Q4FY16 | Q4FY15 | Growth (%) |
| Total Sales | 52.70 | 37.83 | 39% |
| PAT/Loss () | 1.06 | (11.40) | |
| EBIDTA | 3.80 | (8.81) | |
| EBIDTA % | 7.21% | N.A. | |
| PBT | 1.00 | (11.35) |
FY16
| Particular | FY16 | FY15 | Growth (%) |
| Total Sales | 174.67 | 129.17 | 35% |
| PAT/Loss () | (4.02) | (20.44) | |
| EBIDTA | 7.19 | (9.44) | |
| EBIDTA % | 4.12% | N.A. | |
| PBT | (4.14) | (18.96) |
Operational Highlights
· Sales for Q4 Rs 52.70 crore up by 39% over Q4 during last fiscal
· PAT for Q4 at Rs.1.06 crore as against net loss of Rs. 11.40 crore during Q4 last year
· Sales for FY 2016 Rs.174.67 crore up by 35% over previous year
· Loss for FY 2016 at Rs. 4.02 crore as against loss of Rs.20.44 crore during the previous year
New Delhi, May 24, 2016: Eon
Electric Limited (EEL), one of the leading corporate industrial house
offering multi-product, multi-location company specializing in
manufacturing and marketing a wide range of energy efficient LED based
Lighting products, Wires and Cables, Electrical Consumer Durables,
Lithium Ion Batteries and Mobile phone accessories, today announced its
earnings for the quarter ended March 31, 2016, as well as for FY16.
For
the fourth quarter of 2015-16 fiscal, the company recorded sales of Rs
52.70 crore, up 39% from Rs 37.83 crore in the same period last fiscal.
PAT for the period stood at Rs 1.06 crore. EBIDTA and EBIDTA margins for
Q4 FY16 stood at Rs. 3.80 crore and 7.21% respectively.
For
FY16, total sales of company grew by 35% to Rs 174.67 Crore. Net loss
for the period stood at Rs 4.02 crore. EBIDTA and EBIDTA margins for
FY16 stood at Rs.7.19 crore and 4.12% respectively.
Commenting
on the financial performance of the company Mr. V.P Mahendru, Chairman
and Managing Director, Eon Electric Limited, said,
“The
Government’s emphasis on energy efficiency for reducing carbon
emissions has provided the necessary impetus for the growth of LED
lighting industry. The industry is growing at a fast pace and we are
upbeat on future prospects. We are continuously striving to strengthen
our product range and technologies to meet growing demand across various
markets in the country. Our manufacturing facilities at Haridwar have
adequate manufacturing capacity which is sufficient to meet demand”.
About Eon Electric Limited:
Established
in 1989, the Noida-headquartered company manufactures a wide range of
energy-efficient electrical products, transforming itself into a
multi-product organisation. Its manufacturing plants at Haridwar produce
LED based Lighting & Luminaires, world-class Fans, Wires &
Cables, Lithium Ion Batteries and other electrical items. Presently,
the Company has 20 regional offices and more than 200 Sales/Marketing
Executives and Engineers to support 500-plus Dealers/ Distributors
across India. EON products are available in all major markets of India
and enjoy National/International Certifications of BIS and ISO-9001. The
Company’s vision is to be amongst the top five domestic leaders by FY
2020 in the LED lighting segment.