Alstom T&D India Ltd's Q3FY19 standalone net profit declines 26.1% yoy to Rs53cr
The company’s standalone revenue stood at Rs1,168cr, down 18.8% yoy but up 17.6% qoq
Feb 11, 2019 10:02 IST India Infoline Research Team
Alstom T&D India Ltd Q3FY19
Standalone Results Q3FY19: (Rs. in cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 1,168 | [18.8] |
| EBITDA | 113 | 123 |
| EBITDA Margin (%) | 9.6 | 612 |
| Net Profit (adjusted) | 53 | [26.1] |
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GE T&D Ltd reported a sharp improvement in EBITDA margins on a yoy basis, despite falling revenues in Q3FY19. Revenue fell by 18.8% yoy to Rs1,168cr. EBITDA stood at Rs113cr, up 123% yoy. EBIDTA margins for the quarter rose by 612bps yoy to 9.6%. Net Profit stood at Rs53cr for Q3FY19, down 26.1% yoy.
- Gross margins rose by 673bps yoy as raw material costs fell 26.2% yoy. This led to significant expansion in EBITDA margins on a yoy basis.
- The company reported a 91% yoy fall in other income as the company has deployed cash towards deleveraging of the balance sheet.
- Finance cost fell to Rs14cr in Q3FY19 due to deleveraging efforts by the company.
- Tax rate for 9MFY19 stood at 36.6% against a taxrate of 34.5% for FY18.
Technical View:
GE T&D India Ltd is currently trading at Rs. 289.10, down by 1.55 points or 0.53% from its previous closing of Rs. 290.65 on the BSE.
The scrip opened at Rs. 291.90 and has touched a high and low of Rs. 291.90 and Rs. 289.05 respectively. So far 6,648 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
