Sundaram Clayton Q4FY16 standalone net profit jumps over two fold to Rs.224.36 crore on higher other income: In line with estimates

India Infoline News Service | Mumbai | May 12, 2016 14:19 IST

The company’s revenue stood at Rs. 353.83 crore, up 1.2% yoy and 3.17% qoq

Sundaram Clayton, reported standalone net profit of Rs. 86.55 crore for the quarter ended March 31, 2016, registering growth of 166.23% yoy and 1397.4% qoq. The company’s revenue stood at Rs. 353.83 crore, up 1.2% yoy and 3.17% qoq.

Its standalone core operating profit of Rs. 35.74 crore for the quarter, clocked growth of 16% yoy and 27.01% qoq. Operating profit margin for the current quarter at 10.1% expanded by 129 bps yoy and 189 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 139.60 crore, growing by 96.18% yoy. Its standalone revenue for the period stood at Rs. 1,414.76 crore, registering growth of 5.1% yoy.

Sundaram Clayton Ltd's core operating profit stood at Rs. 133.37 crore, recording growth of 8.39% yoy. Operating margin for the current period at 9.56% expanded by 42 bps yoy.

On consolidated basis, the company for the year ended March 31, 2016, the company reported consolidated net profit of Rs. 243.50 crore, growing by 14.79% yoy. Its consolidated revenue for the period stood at Rs. 12,600.43 crore, registering growth of 11.12% yoy.

Sundaram Clayton Ltd's core operating profit stood at Rs. 890.34 crore, recording growth of 24.23% yoy. Operating margin for the current period at 7.06% expanded by 74 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 353.83 361.23 [2.05]
Standalone Net Profit 86.55 7.58 1,041.53

Standalone EPS for the quarter stood at Rs. 42.76.

Stock Commentary:

Sundaram Clayton Ltd is currently trading at Rs. 2104, up by 60.5 points or 2.96% from its previous closing of Rs. 2043.5 on the BSE.

The scrip opened at Rs. 2045 and has touched a high and low of Rs. 2130 and Rs. 2000 respectively. So far 893(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4134.43 crore.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 2231 on 06-Aug-2015 and a 52 week low of Rs. 1755 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2062 and Rs. 1925 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 15.26 % and 9.74 % respectively.

***Note: This is a NSE Chart

 

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