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Revenue showed a marginal decline at Rs. 542.06 millions. For the quarter ended September 2019, as compared to corresponding quarter of last year.A big decline of -47.92% was reported for the quarter ended September 2019 to Rs. 24.69 millions from Rs. 47.41 millions of corresponding previous quarter.The company reported a good operating profit of 77.06 millions compared to 75.64 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 542.06 558.95 -3.02 1034.52 1034.99 -0.05 2202.84 2051.86 7.36 Other Income 6.39 4.99 28.06 11.28 8.21 37.39 7.04 15.03 -53.16 PBIDT 77.06 75.64 1.88 105.32 131.23 -19.74 300.90 285.88 5.25 Interest 6.16 5.30 16.23 11.77 11.05 6.52 22.04 18.55 18.81 PBDT 36.19 83.21 -56.51 65.89 131.76 -49.99 308.17 297.87 3.46 Depreciation 15.19 15.88 -4.35 30.03 31.40 -4.36 63.64 62.81 1.32 PBT 21.00 67.33 -68.81 35.85 100.36 -64.28 244.53 235.07 4.02 TAX -3.69 19.92 -118.52 1.29 29.78 -95.67 77.73 71.03 9.43 Deferred Tax -9.19 -0.51 1701.96 -10.32 -1.72 500.00 -2.69 -13.88 -80.62 PAT 24.69 47.41 -47.92 34.57 70.58 -51.02 166.82 164.03 1.70 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 14.22 13.53 5.05 10.18 12.68 -19.71 13.66 13.93 -1.96
The total revenue for the quarter ended June 2019 remained nearly unchanged at Rs. 492.46 millions.Net profit of the cmpany stood at Rs. 9.88 millions for the quarter ended June 2019 a decline of -57.36% from Rs. 23.17 millions in the same quarter last year.The company reported a degrowth in operating Profit to 28.26 millions from 55.59 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 492.46 476.04 3.45 492.46 476.04 3.45 2202.84 2051.86 7.36 Other Income 4.89 3.22 51.86 4.89 3.22 51.86 7.04 15.03 -53.16 PBIDT 28.26 55.59 -49.16 28.26 55.59 -49.16 300.90 285.88 5.25 Interest 5.61 5.75 -2.43 5.61 5.75 -2.43 22.04 18.55 18.81 PBDT 29.70 48.55 -38.83 29.70 48.55 -38.83 308.17 297.87 3.46 Depreciation 14.84 15.52 -4.38 14.84 15.52 -4.38 63.64 62.81 1.32 PBT 14.85 33.03 -55.04 14.85 33.03 -55.04 244.53 235.07 4.02 TAX 4.98 9.86 -49.49 4.98 9.86 -49.49 77.73 71.03 9.43 Deferred Tax -1.13 -1.21 -6.61 -1.13 -1.21 -6.61 -2.69 -13.88 -80.62 PAT 9.88 23.17 -57.36 9.88 23.17 -57.36 166.82 164.03 1.70 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 5.74 11.68 -50.88 5.74 11.68 -50.86 13.66 13.93 -1.96
The sales declined to Rs. 597.45 millions for the March 2019 quarter as compared to Rs. 631.08 millions during the corresponding quarter last year.A meek growth of 0.54% was reported for the quarter ended March 2019 to Rs. 63.47 millions from Rs. 63.13 millions.Operating profit for the quarter ended March 2019 rose to 104.73 millions as compared to 93.84 millions of corresponding quarter ended March 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201803 201703 % Var Sales 597.45 631.08 -5.33 2202.84 2051.86 7.36 2051.86 2078.99 -1.30 Other Income 2.48 6.18 -59.87 12.16 15.03 -19.10 15.03 6.07 147.61 PBIDT 104.73 93.84 11.60 300.91 285.88 5.26 285.88 316.67 -9.72 Interest 6.31 4.47 41.16 22.04 18.55 18.81 18.55 26.94 -31.14 PBDT 112.85 95.93 17.64 308.18 297.87 3.46 297.87 284.77 4.60 Depreciation 16.12 16.77 -3.88 63.64 62.81 1.32 62.81 63.98 -1.83 PBT 96.73 79.16 22.20 244.53 235.06 4.03 235.07 220.79 6.47 TAX 33.26 16.04 107.36 77.73 71.05 9.40 71.03 78.19 -9.16 Deferred Tax -0.20 -12.43 -98.39 -2.69 -13.87 -80.61 -13.88 -2.01 590.55 PAT 63.47 63.13 0.54 166.82 164.03 1.70 164.03 142.60 15.03 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 17.53 14.87 17.89 13.66 13.93 -1.96 13.93 15.23 -8.53
Modison Metals is currently trading at Rs. 47.45, up by 2.40 points or 5.33% from its previous closing of Rs. 45.05 on the BSE.The scrip opened at Rs. 47.95 and has touched a high and low of Rs. 48.00 and Rs. 47.20 respectively. So far 12616 shares were traded on the counter.The BSE group `X` stock of face value Rs. 1 has touched a 52 week high of Rs. 69.20 on 29-May-2018 and a 52 week low of Rs. 36.00 on 01-Feb-2019.Last one week high and low of the scrip stood at Rs. 48.00 and Rs. 41.25 respectively. The current market cap of the company is Rs. 153.98 crore.The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 0.15% and 47.66% respectively.Modison Metals is in a process of entering with Tungsten Heavy Powder Inc, USA as a joint venture to produce tungsten products for export to USA. It will act as a subsidiary company of Modison Metals. The meeting of the Board of Directors of the company will be held on April 02, 2019 to consider the same.Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.
The company witnessed a 24.40% growth in the revenue at Rs. 570.40 millions for the quarter ended December 2018 as compared to Rs. 458.52 millions during the year-ago period.An average growth of 33.17% was recorded for the quarter ended December 2018 to Rs. 32.76 millions from Rs. 24.60 millions.The company reported a good operating profit of 64.95 millions compared to 52.09 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 570.40 458.52 24.40 1605.39 1420.78 12.99 2051.86 2078.99 -1.30 Other Income 1.47 1.78 -17.42 9.68 8.85 9.38 15.03 6.07 147.61 PBIDT 64.95 52.09 24.69 196.18 192.04 2.16 285.88 316.67 -9.72 Interest 4.68 2.81 66.55 15.73 14.08 11.72 18.55 26.94 -31.14 PBDT 63.57 54.67 16.28 195.33 201.94 -3.27 297.87 284.77 4.60 Depreciation 16.12 15.51 3.93 47.52 46.04 3.21 62.81 63.98 -1.83 PBT 47.44 39.16 21.14 147.80 155.90 -5.20 235.07 220.79 6.47 TAX 14.69 14.57 0.82 44.47 55.01 -19.16 71.03 78.19 -9.16 Deferred Tax -0.77 -0.17 352.94 -2.49 -1.44 72.92 -13.88 -2.01 590.55 PAT 32.76 24.60 33.17 103.35 100.90 2.43 164.03 142.60 15.03 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 11.38 11.36 0.22 12.22 13.52 -9.59 13.93 15.23 -8.53
The September 2018 quarter revenue stood at Rs. 558.95 millions, up 15.96% as compared to Rs. 482.03 millions during the corresponding quarter last year.A good growth in profit of 27.71% reported to Rs. 47.42 millions over Rs. 37.13 millions of corresponding previous quarter.Operating Profit saw a handsome growth to 75.64 millions from 73.42 millions in the quarter ended September 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 558.95 482.03 15.96 1034.99 962.26 7.56 2051.86 2078.99 -1.30 Other Income 4.99 2.54 96.46 8.21 7.07 16.12 15.03 6.07 147.61 PBIDT 75.64 73.42 3.02 131.23 139.95 -6.23 285.88 316.67 -9.72 Interest 5.30 4.15 27.71 11.05 11.27 -1.95 18.55 26.94 -31.14 PBDT 83.21 72.36 14.99 131.76 147.27 -10.53 297.87 284.77 4.60 Depreciation 15.88 15.36 3.39 31.40 30.53 2.85 62.81 63.98 -1.83 PBT 67.33 57.00 18.12 100.36 116.74 -14.03 235.07 220.79 6.47 TAX 19.92 19.87 0.25 29.78 40.44 -26.36 71.03 78.19 -9.16 Deferred Tax -0.51 -0.14 264.29 -1.72 -1.27 35.43 -13.88 -2.01 590.55 PAT 47.42 37.13 27.71 70.59 76.30 -7.48 164.03 142.60 15.03 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 13.53 15.23 -11.15 12.68 14.54 -12.82 13.93 15.23 -8.53
Revenue reduced marginally to stand at Rs. 476.04 millions during the quarter ended June 2018. The figure stood at Rs. 480.23 millions during the year-ago period.A big decline of -40.85% was reported for the quarter ended June 2018 to Rs. 23.17 millions from Rs. 39.17 millions of corresponding previous quarter.The company reported a degrowth in operating Profit to 55.59 millions from 66.53 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 476.04 480.23 -0.87 476.04 480.23 -0.87 2051.86 2078.99 -1.30 Other Income 3.22 4.53 -28.92 3.22 4.53 -28.92 15.03 6.07 147.61 PBIDT 55.59 66.53 -16.44 55.59 66.53 -16.44 285.88 316.67 -9.72 Interest 5.75 7.12 -19.24 5.75 7.12 -19.24 18.55 26.94 -31.14 PBDT 48.55 74.91 -35.19 48.55 74.91 -35.19 297.87 284.77 4.60 Depreciation 15.52 15.17 2.31 15.52 15.17 2.31 62.81 63.98 -1.83 PBT 33.03 59.74 -44.71 33.03 59.74 -44.71 235.07 220.79 6.47 TAX 9.86 20.57 -52.07 9.86 20.57 -52.07 71.03 78.19 -9.16 Deferred Tax -1.21 -1.13 7.08 -1.21 -1.13 7.08 -13.88 -2.01 590.55 PAT 23.17 39.17 -40.85 23.17 39.17 -40.85 164.03 142.60 15.03 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 11.68 13.85 -15.70 11.68 13.85 -15.71 13.93 15.23 -8.53
The Revenue for the quarter ended March 2018 of Rs. 631.08 millions grew by 6.73 % from Rs. 591.28 millions.The Total revenue for the quarter ended March 2018 of Rs. 63.13 millions grew by 124.66% from Rs. 28.10 millions.The company reported a good operating profit of 93.84 millions compared to 68.60 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201803 201703 % Var Sales 631.08 591.28 6.73 2051.86 2078.99 -1.30 2051.86 2078.99 -1.30 Other Income 6.18 0.82 653.66 15.03 6.07 147.61 15.03 6.07 147.61 PBIDT 93.84 68.60 36.79 285.88 316.67 -9.72 285.88 316.67 -9.72 Interest 4.47 5.78 -22.66 18.55 26.94 -31.14 18.55 26.94 -31.14 PBDT 95.93 59.12 62.26 297.87 284.77 4.60 297.87 284.77 4.60 Depreciation 16.77 16.46 1.88 62.81 63.98 -1.83 62.81 63.98 -1.83 PBT 79.16 42.66 85.56 235.07 220.79 6.47 235.07 220.79 6.47 TAX 16.04 14.56 10.16 71.03 78.19 -9.16 71.03 78.19 -9.16 Deferred Tax -12.43 1.00 -1343.00 -13.88 -2.01 590.55 -13.88 -2.01 590.55 PAT 63.13 28.10 124.66 164.03 142.60 15.03 164.03 142.60 15.03 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 14.87 11.60 28.15 13.93 15.23 -8.53 13.93 15.23 -8.53
Modison Metals is currently trading at Rs. 62.60, up by 0.55 points or 0.89% from its previous closing of Rs. 62.05 on the BSE.The scrip opened at Rs. 63.15 and has touched a high and low of Rs. 63.15 and Rs. 61.75 respectively. So far 380 shares were traded on the counter.The BSE group `X` stock of face value Rs. 1 has touched a 52 week high of Rs. 92.50 on 09-Jan-2018 and a 52 week low of Rs. 52.70 on 11-Aug-2017.Last one week high and low of the scrip stood at Rs. 63.95 and Rs. 61.10 respectively. The current market cap of the company is Rs. 200.54 crore.The promoters holding in the company stood at 51.66%, while Non-Institutions held 48.34%.Modison Metals has received an approval to borrow and avail autoloan from Axis Bank, Mumbai of Rs 1.06 crore. The Board of Directors of the company at its meeting held on March 14, 2018, approved the same.Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.
A decrease in the sales to Rs. 458.52 millions was observed for the quarter ended December 2017. The sales stood at Rs. 541.18 millions during the similar quarter previous year.Profit after Tax for the quarter ended December 2017 saw a decline of -42.23% from Rs. 42.58 millions to Rs. 24.60 millions.The Operating Profit of the company witnessed a decrease to 52.09 millions from 70.44 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 458.52 541.18 -15.27 1420.78 1444.41 -1.64 2079.00 1835.41 13.27 Other Income 1.78 1.10 61.82 8.85 7.00 26.43 6.07 10.29 -41.01 PBIDT 52.09 70.44 -26.05 192.04 248.06 -22.58 315.06 269.09 17.08 Interest 2.81 6.62 -57.55 14.08 21.16 -33.46 26.94 33.48 -19.53 PBDT 54.67 83.26 -34.34 201.94 225.65 -10.51 283.16 235.61 20.18 Depreciation 15.51 16.21 -4.32 46.04 47.52 -3.11 63.98 63.74 0.38 PBT 39.16 67.05 -41.60 155.90 178.14 -12.48 219.18 171.87 27.53 TAX 14.57 24.47 -40.46 55.01 63.64 -13.56 78.40 63.03 24.39 Deferred Tax -0.17 -0.94 -81.91 -1.44 -3.00 -52.00 0.00 0.00 0.00 PAT 24.60 42.58 -42.23 100.90 114.49 -11.87 140.78 108.84 29.35 Equity 32.45 32.45 0.00 32.45 32.45 0.00 32.45 32.45 0.00 PBIDTM(%) 11.36 13.02 -12.72 13.52 17.17 -21.30 15.15 14.66 3.37
Modison Metals is currently trading at Rs. 72.75, up by 2.70 points or 3.85% from its previous closing of Rs. 70.05 on the BSE.The scrip opened at Rs. 72.20 and has touched a high and low of Rs. 73.90 and Rs. 71.75 respectively. So far 49828 shares were traded on the counter.The BSE group `XC` stock of face value Rs. 1 has touched a 52 week high of Rs. 83.00 on 19-Oct-2017 and a 52 week low of Rs. 48.50 on 02-Dec-2016.Last one week high and low of the scrip stood at Rs. 73.90 and Rs. 68.55 respectively. The current market cap of the company is Rs. 239.81 crore.The promoters holding in the company stood at 51.66%, while Non-Institutions held 48.34% stake in the company. Modison Metals has entered into an agreement for acquisition of key assets for High voltage contact business from DODUCO, Germany, with the latest patent and with the condition that they will not produce these parts for the next five years. Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.
Modison Metals is currently trading at Rs. 62.70, up by 1.75 points or 2.87% from its previous closing of Rs. 60.95 on the BSE.The scrip opened at Rs. 61.15 and has touched a high and low of Rs. 63.50 and Rs. 60.20 respectively. So far 214387 shares were traded on the counter.The BSE group `XC` stock of face value Rs. 1 has touched a 52 week high of Rs. 76.20 on 25-Apr-2017 and a 52 week low of Rs. 40.05 on 29-Sep-2016.Last one week high and low of the scrip stood at Rs. 63.60 and Rs. 59.20 respectively. The current market cap of the company is Rs. 203.30 crore.The promoters holding in the company stood at 51.65%, while Non-Institutions held 48.35% stake in the company.Modison Metals has received an approval for making Modison Contacts, a wholly owned subsidiary of the company from a subsidiary Company, with presently holding 60% shareholding. The board of directors at their meeting held on September 11, 2017, has approved for the same. Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.