BEML Ltd's Q1FY19 standalone net loss widens to Rs160.3cr yoy : Misses Estimates

The company’s standalone revenue stood at Rs454.7cr, down 28.02% yoy

Aug 08, 2018 09:08 IST India Infoline Research Team


Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 454.7 [28.0]
EBITDA -137 -
EBITDA Margin (%) -30.1 -
Net Loss (adjusted) 160.3 -
***EBITDA margin change is bps
BEML’s Q1FY19 numbers have been below the street expectations. Sales have declined by 28% yoy to Rs454.7cr from Rs631.7cr in Q1FY18. EBITDA loss increased to Rs137cr during the quarter from loss of Rs63.5cr in Q1FY18. Net loss expanded to Rs160.3cr vs. loss of Rs85.1cr in Q1FY18.

• The sales have been impacted due to slow execution of order book owing to lumpy nature of its business.

• The company has incurred EBITDA loss on account of rise in raw material cost in proportion to sales and higher fixed cost.

• Other income has declined by 9% yoy to Rs4.7cr.

Technical View:

BEML Ltd is currently trading at Rs. 822.45, down by 46.05 points or 5.3% from its previous closing of Rs. 868.50 on the BSE.
The scrip opened at Rs. 868.50 and has touched a high and low of Rs. 869.95 and Rs. 819.70 respectively. So far 29,74,062 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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