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

February 11, 2019 10:18 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]
***EBITDA margin change is bps

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.

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