AXISCADES Engineering Technologies Q1FY18
Consolidated Results Q1FY18: (Rs. in crore)
|EBITDA Margin (%)||5.9|||
Axiscades Engineering Technologies consolidated revenue for the quarter came in at Rs. 110 crore, registering 26.7% yoy decline. This was primarily driven by ~63.5% yoy decline in the revenue of strategic technology solution. Also, 7% yoy decline in the revenue of engineering design services added in de-growth of overall revenue.
EBITDA for the quarter fell by 52.3% yoy to Rs. 6.5 crore with a corresponding margin contraction of 316 bps. EBITDA margin for the quarter stood at 5.9%. This was due to rise in other expenses as proportionate to sales (~19.5% in Q1FY18 vs ~15.5% in Q1FY17).
It reported significant decline in PAT of Q1FY18 to Rs. 0.05 crore from Rs. 6.1 crore in corresponding quarter of last year.
AXISCADES Engineering Technologies Ltd is currently trading at Rs. 137.60, down by 6 points or 4.18% from its previous closing of Rs. 143.60 on the BSE.
The scrip opened at Rs. 139.95 and has touched a high and low of Rs. 140 and Rs. 135.45 respectively. So far 1,13,536(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.