Sheela Foam reported 25.51% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs825.88cr. The core mattresses business of Sheela Foams saw a very sharp growth in the export market in the Dec-20 quarter. While the revenue from India business grew by 16.2%, the international export business grew by 60%, actually giving the momentum for the quarterly growth in sales for the company.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 54.9% at Rs100.14cr on the back of favourable tweaks in inventory management leading to less funds locked up in working capital cycles. A spurt in other income and controls on miscellaneous expenses also helped the company to report better growth numbers in bottom line. As a result, the PAT margins improved from 9.83% in Dec-19 to 12.13% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Sheela Foam |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 825.88 |
₹ 658.00 |
25.51% |
₹ 607.83 |
35.87% |
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Net Profit (Rs cr) |
₹ 100.14 |
₹ 64.65 |
54.90% |
₹ 69.84 |
43.38% |
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Diluted EPS (Rs) |
₹ 20.53 |
₹ 13.25 |
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₹ 14.32 |
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Net Margins |
12.13% |
9.83% |
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11.49% |
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