UCAL Fuel

Ucal Fuel System posted good Q2FY17 numbers. Net profit came in at Rs.8 crore, up 23% (YoY) and this was on a total income of Rs.150 crore, up 17%. EBITDA for the quarter was at Rs.22 crore, up 14% while margins remained more or less stable at 14.7% v/s 15%.

The company manufactures Fuel Management Systems for Automotive sector and also pumps, emission control parts and various components for both ferrous and non ferrous material. It is a preferred supplier for some of the top OEMs such as Maruti Udyog, Hyundai, Cummins, Bosch, Mikuni, General Motors, TVS Motor Company, Bajaj Auto, Suzuki, Yamaha, Hero Honda Motors, etc. The best news here is that its H1FY17 net profit of  Rs.16 crore is almost equal to FY16 net profit of Rs.18 crore and with two more quarters to go, FY17 promises to be a bumper year. Equity of pretty high at Rs.22.11 crore and reserves is at Rs.294 crore.