VIP Clothing Ltd. share price target

Maxwell Industries reported a decent growth of 6.9% YoY & 2.4% QoQ of Rs.644mn on account of higher volume and value realizations and improving efficiencies. EPS has increased from Rs. 0.07 to Rs. 0.24 on YoY basis.

Maxwell Industries Ltd Q3 FY15 Results: Maxwell Industries Q3FY15 sales & EBITDA grew 4% & 33% YoY to Rs. 628mn & Rs. 74mn, while PAT reported a robust growth of 120 % (Rs. 22mn) as against Rs. 10mn in the corresponding quarter. For full year FY14, sales & EBITDA grew 3.2% & 41% while PAT grew by 87%. Exports for the quarter stood at 8% (Rs. 220mn).

Maxwell Industries reported a decent growth of 4% YoY of Rs.628mn, whereas it has seen a decline of 7% QoQ. In Q3FY15, EBITDA grew by 27.5% QoQ to Rs. 74mn and 33% YoY. EBITDA margins expanded by 316bps to 11.8% on QoQ basis, whereas margins increased by 254bps as compared to Q3FY14 on account of lower raw material costs.

Maxwell Industries Ltd