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Nitin Fire Protection Industries Limited

Nitin Fire Protection Net Sales Rises by 42% to Rs. 120 crore in Q1F

Aug 14, 2014   20:11 IST 
Mumbai, Maharashtra, India

Nitin Fire Protection Industries Ltd (NFPIL) leading fire protection engineering and solutions provider today announced its financial results for the first quarter ended June 30th 2014.

(Rs crore)

Particulars

Standalone

Q1FY15

Q1FY14

y-o-y%

Net Sales

120.03

84.42

42.18%

EBITDA

8.43

9.63

-12.46%

Net Profit

3.33

1.9

75.26%

EPS

0.15

0.09

--

 

Standalone:

The net sales for the Q1FY15 stood at Rs. 120 crore as against of Rs. 84 in Q1FY14 registering a growth of 42% YoY. The EBITDA for the Q1FY15 was Rs. 8.43 crore as against Rs. 9.63 crore in the corresponding period last year. The net profit in Q1FY15 was at Rs. 3 crore as compared to Rs. 2 in Q1FY14 growing by 75% YoY. The EPS for the quarter was Rs. 0.15.

The company enjoys a range of products with National and International Approvals.

Management comments:

Commenting on the results, Mr. Nitin Shah, Chairman of the Board said: “Our Q1FY15 numbers reflect consistent growth in our businesses. Our UAE operations continue to grow and contribute almost 50% to our revenues. Going forward, we are expecting our Indian operations to pick up on the back of the need and thrust by the government on stringent implementation of fire protection laws.”

He further adds “We are happy to share that our facility in the European market under the brand name ‘Firetec’, has successfully commenced operations and is gaining recognition for its projects and products.”

The company’s unexecuted order book, as on June 30th 2014 stands at Rs 275 crore in India.

 

About Nitin Fire Protection Industries Limited - [BSE: 532854, NSE: NITINFIRE]

Nitin Fire Protection Industries Limited [NFPIL] is a global comprehensive solution provider in the fire protection business providing solutions, including procurement, designing, system integration, commissioning and installation of fire protection safety solutions. The company has expanded its presence globally to Europe, Middle East and South East Asia through its subsidiaries. For more information, please visit www.nitinfire.com

For Q1FY15 Results Table, click here

 


 
 
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