Foseco India Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Foseco India will hold a meeting of the Board of Directors of the Company on 30 April 2024.

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Revenue from operations declined 15.72% to Rs 122.32 crore in Q4 FY23 from Rs 105.70 crore recorded in the corresponding quarter previous year.

Profit before tax in Q4 FY23 stood at Rs 21.39 crore, registering the growth of 31.63% as compared as with Rs 16.25 crore in Q4 FY22.

Total expenses jumped 15.05% to Rs 105.15 crore as compared with Rs 91.39 crore in Q4 FY22. Cost of raw material consumed was at Rs 62.42 crore (up 17.24% YoY), employee benefits expenses stood at Rs 12.74 crore (up 13.54% YoY) during the quarter under review.

Foseco India is engaged in the manufacturing of products used in the metallurgical industry. The products are in the nature of additives and consumables that improve the physical properties and performance of castings.

The scrip rose 2.12% to end at Rs 3,860.70 on Friday, 23 February 2024.

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Foseco India announced that the Board of Directors of the Company at its meeting held on 23 February 2024, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Net profit of Foseco India rose 33.03% to Rs 16.31 crore in the quarter ended December 2023 as against Rs 12.26 crore during the previous quarter ended December 2022. Sales rose 15.71% to Rs 122.32 crore in the quarter ended December 2023 as against Rs 105.71 crore during the previous quarter ended December 2022.

For the full year,net profit rose 58.76% to Rs 72.98 crore in the year ended December 2023 as against Rs 45.97 crore during the previous year ended December 2022. Sales rose 17.37% to Rs 477.41 crore in the year ended December 2023 as against Rs 406.74 crore during the previous year ended December 2022.

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