Cosmo Ferrites reports 994% increase in EPS


Cosmo Ferrites Limited, today declared its financial results for the quarter ended December 2021.

During Q3FY22, Company reported net revenue growth of 82% YoY on the back of higher volumes, higher sales realisation, and sale of more value-added products resulting from customised solutions. Strong Domestic and Export demand, better sales realisation and continuously improving internal efficiencies contributed to improvement in EBITDA. During the quarter, the company decommissioned an old kiln. The written down value of the same (net of realizable value) amounting to Rs. 2.79 crores has been charged off impacting the results of the quarter accordingly. Further there is a provision of Rs. 1.50 crores towards the exceptional item of interest on unsecured loans for an earlier period consequent to the Lenders exercising their right of recompense on some of the said loans as per the terms of the waiver given earlier impacting PBT for the quarter. PAT for the Quarter improved YoY to Rs. 4.08 crores and EPS also improved YoY to Rs. 3.39 per equity share. 

Commenting on Company’s performance Mr. Ambrish Jaipuria, Chairman, Cosmo Ferrites Ltd. said “There is strong domestic and export demand and we continue to develop new customers and new applications for our products. We are fairly bullish on the overall demand in view of the Government’s efforts to push Electronics manufacturing within the Country and the huge potential in the Export market. Company’s expansion plans to increase Soft Ferrites manufacturing capacity from 2400 MT per annum to 3600 MT per annum is on track and we expect it to be operational in Q2 of FY 23 and would further drive revenue growth next year.

In Rs. Crores Q3 FY22 Q3 FY21 Q2 FY 22 YoY % Increase QoQ% Increase 
Net Revenue 34.75 19.11 26.19 82% 33%
EBITDA 9.18 2.55 7.01 260% 31%
PBT 5.50 0.66 4.70 733% 17%
PAT 4.08 0.36 3.51 1033% 16%
EPS (in Rs.) 

(not annualized)

3.39 0.31 2.92 994% 16%


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