This is a Coimbatore based automotive components and precision engineered products making company. Like in Q1FY17, the company has posted a very good set of numbers for Q2FY17.

The company has posted, on a 36% (YoY) rise in total income at Rs.333 crore, a whopping 10 times surge in net profit at Rs.42 crore, clearly the benefits of a low base effect. Sequentially, net profit has dropped 14%.

EBITDA came in at Rs.40 crore, up 150% while margins doubled up from 6.6% to 12%. The cost-to-revenue percentage has dropped from 97 to 91% - that and the higher topline helped this super YoY show. Net profit for H1FY17 is already at Rs.42 crore v/s Rs.43 crore in FY16. Most certainly, FY17 will be super-duper.

The company’s equity stands small at Rs.9.48 crore and annualized EPS is at Rs.9 (FV of Re.1). Reserve is at Rs.290  crore. Debt is around Rs.52 crore and cash is at Rs.7 crore.