Butterfly

Butterfly Gandhimathi Appliances is a well know South based company, making pressure cookers, LPG Stoves, Vacuum Flasks. domestic Electric Food Mixers and Table-Top Wet Grinders.

The company posted very good set of numbers for Q1FY16. Robust demand pushed up the net sales to Rs.234 crore, more than doubling up, increasing 119% (YoY). This increase in topline percolated down to the bottomline with net profit rising by a whopping 23 times at Rs.4 crore v/s Rs.17 lakh in Q1FY15. This net profit of Q1 has already surpassed the net profit of Rs.3 crore of entire FY15. Clearly, if the same robust demand continues, it will end FY16 on a bumper note.

Equity capital stands at Rs.16.44 crore and EPS for the quarter is at Rs.0.22 (Face value of Rs.2). Market cap is at Rs.370 crore.