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Key takeaways from Repro India conference call
Repro India reported a smart jump of 21% in revenues at Rs 72.76 crore for quarter-ended June 2011. Some of the key points are highlighted from the company's conference call.
Repro India reported a smart jump of 21% in revenues at Rs 72.76 crore for quarter-ended June 2011. Its operating profits jumped 104% to Rs 12.85 crore while profit after tax shot up 197% at Rs 8.7 crore.
The return on networth annualized stood at 23%.
Meanwhile, the debtor's cycle has scaled back from 141 days to 98 days.
Key takeaways from Repro India conference call
Tax rate for the current year will remain negligible, except for MAT. This is primarily because of company's presence in the Special Export Zone at Surat from which their exports happen. However, there is a cash flow impact. The break up of turnover is 60% has been from exports for this quarter and 40% from domestic business.
Company guides for 25% to 30% growth for FY12 on annual income of FY11. The company clocked sales of Rs 268 cr in FY11, which roughly works out to be Rs 350 crore estimate for FY12. This does not include revenues from newly acquired Macmillan.
The other income of Rs 2 crore is of recurring nature.
The paper cost is expected in the range of Rs 42000-43000 per metric tonne for FY12
The new capacity of 1.5 million will come into effect from 1st October, 2011. The current capacity of 1 million tonne is running at 80-85% capacity utilisation.
