Ucal Fuel System posted excellent Q2FY15 numbers and even Q3 was equally good. Call it the lower base effect but for now, the company seems to be on a good road. In Q3FY15, on a 17% (YoY) rise in net sales at Rs.142 crore, despite a 17% rise in operating costs led by a 22% jump in raw material and 21% rise in employee cost, it posted a 28% jump in EBITDA at Rs.18 crore. Margin improved from 11.57% to 12.68%. Though there was a 100% jump in tax outgo, almost 5 times rise in other income helped the bottomline further. The company ended the quarter with a 150% increase in net profit at Rs.5 crore.

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 Q3FY15 net profit at Rs.17 crore is already 112% more than FY14 net profit and surely FY15 will end on a record note. The company’s equity is pretty high at Rs.22.11crore and reserves stands at Rs.278 crore.