Bayer CropScience Ltd's Q3FY19 standalone net profit rises 157% yoy to Rs27.5cr: Beats Estimates

The company’s standalone revenue stood at Rs621cr, up 29.5% yoy, but down 43.76% qoq.

Feb 05, 2019 09:02 IST India Infoline Research Team

Bayer CropScience Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 621 29.5
EBITDA 46.60 106.2
EBITDA Margin (%) 7.5 279
Net Profit (adjusted) 27.50 157.0
***EBITDA margin change is bps
Bayer CropScience Ltd's revenue for Q3FY19 came in at Rs621cr, up 29.5% yoy. The EBITDA for the quarter stood at Rs46.6cr as against Rs22.6cr in Q3FY18, an increase of 106.2%. EBITDA margin contracted significantly by ~279bps yoy to 7.5% in Q3FY19. The net profit after tax for the company came in at Rs27.5cr in Q3FY19, up 157% yoy. The revenue, operating profit, and net profit beat the estimates of Rs528cr, Rs24cr, and Rs8cr, respectively, by 18%, 94% and 244%.

Technical View:

Bayer CropScience Ltd is currently trading at Rs. 4,344.70, up by 61.05 points or 1.43% from its previous closing of Rs. 4,283.65 on the BSE.
The scrip opened at Rs. 4,325 and has touched a high and low of Rs. 4,423.45 and Rs. 4,325 respectively. So far 693 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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