Abbott India Ltd's Q1FY19 standalone net profit rises 70.78% yoy to Rs82.40cr : Misses Estimates

The company’s standalone revenue stood at Rs844.92cr, up 21.1% yoy and 7.17% qoq.

Aug 14, 2018 05:08 IST India Infoline Research Team

Abbott India Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 844.92 21.1
EBITDA 111.35 109.2
EBITDA Margin (%) 13.2 555
Net Profit (adjusted) 82.40 70.8
***EBITDA margin change is bps

Abbott India’s revenue in Q1FY19 grew by 21.1% yoy to Rs844.9cr. EBITDA grew by 109.2% yoy to Rs111.4cr in Q1FY19 vs. Rs53.2cr in Q1FY18. EBITDA margins grew 555bps yoy but declined 35bps qoq to 13.2% in Q1FY19. PAT grew by 70.8% yoy to Rs82.4cr in Q1FY19.
  • The Q1FY19 revenue is in-line with our estimates, however EBITDA and PAT are 5% and 6% below our estimates.
  • The revenue growth was on account of the low base in the Q1FY18.
  • Gross margins stood at 43.7% in Q1FY19 vs. 45.2% in Q4FY18 and 37.2% in Q1FY18.
  • EBITDA margins at 13.2% are lowest in the last four quarters.

Technical View:

Abbott India Ltd is currently trading at Rs. 7,806, down by 84.7 points or 1.07% from its previous closing of Rs. 7,890.70 on the BSE.
The scrip opened at Rs. 7,800 and has touched a high and low of Rs. 7,895.50 and Rs. 7,697.75 respectively. So far 7,866 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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