Thursday, 13 November 2008

SKP Securities bullish on IMP Powers

SKP Securities continue to be bullish about IMP Powers future growth prospects in its November 4, 2008 report. "IMP Powers net sales has risen to Rs 514 million for the quarter ended September 2008, an increase of 94%. This is mainly due to utilization of its recently expanded production capacity. EBIDTA margin of the company has decreased to 16.46% in Q1 FY09 as compared to 17.16% in Q4 FY07. This is due to the increase in the raw material and salary cost. Raw material to sales increased to 74% in the quarter from 71% in the corresponding quarter last year. Salary cost increased by 74%. The bottomline of the company has gone up from Rs 20.89 million in Q1 FY08 to Rs 33.04 million in Q1 FY09, an increase of around 58%. We continue to be bullish about company’s future growth prospects," says SKP Securities' research report.

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Source: Moneycontrol

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