January 30, 2013

Ador Fontech Qtrly Update - Dec 2012

I wrote about Ador Fontech here .  Company came out with their quarterly results for Dec12 qtr.  On YoY basis, sales fell by 15%  and the operating margins fell by whopping 62%.  Gross margins fell from 47% last year to 42% and operating margins fell from 18% to 8%.  Overall it has been a disappointing quarter.  This has been the worst quarter in a long time.  Hope this is just an exception.  Stock reacted by going down around 12%.  Bought some more at Rs.78.  Need to keep track to see if this is a temporary down phase or a permanent change in business prospects.

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