Indocount notes from AR

Hello friends,

Indocount has reported a stellar set of numbers.

Revenues up 21% YoY
Ebitda & EPS up 55% YoY.
Debt down to 217cr from 267cr YoY.
Company is migrating to higher value added products like Bed linens.
Company is focusing on increasing client base.
Global home textiles market is expected to grow 15% over next 2-3 years.
Mission of the company is to become Debt free.
No shares are pledged now.
475cr expansion over 2 phases.
*Phase 1 expansion is 175crs which will be completed by December 2016.
*Phase 2 expansion is approx 300crs which will be completed over 3 years (very nice to know).
Plans to enter domestic industry too.

Conclusion – Very measured approach. Co is in a sweet spot at the moment, lets hold it.

Neil