Birla Corporation Ltd's Q4FY18 consolidated net profit rises 30.0% yoy to Rs131.1cr

The company’s consolidated revenue stood at Rs1,650.6cr, up 16.2% yoy and 18.8% qoq.

May 16, 2018 02:05 IST India Infoline Research Team

Birla Corporation Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 1,650.6 16.2
EBITDA 250.7 6.3
EBITDA Margin (%) 15.2 [142]
Net Profit (adjusted) 131.1 30.0
***EBITDA margin change is bps


Reco. Price


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Birla Corp reported good set of numbers for Q4FY18 with revenue (net of excise duty in the base quarter) growth of 16.2% yoy to Rs1,650.6cr. Due to higher raw material and freight cost, EBITDA grew at 6.3% yoy to Rs250.7cr. EBITDA margin contracted by 142bps yoy to 15.2%. On account of tax reversal, the PAT of the company reported a growth of 30% yoy to Rs131.1cr.
  • The segmental reported numbers are not comparable due to excise duty in the base quarter. On reported basis, cement and jute segments reported revenue growth of 1.5% and 5.1% yoy respectively.
  • Raw material cost for the quarter increased by 269bps yoy as percent of net sales.
  • Due to rise in diesel prices, the freight cost as percent of sales increased by 113bps yoy.
  • Depreciation cost was up by 4.8% yoy to Rs83.6cr. However, the interest expense declined by 8.4% yoy.
  • Other income for the quarter was 17.9% lower on yoy basis to Rs33.4cr.
  • Company has tax reversal of Rs33.1cr, which aided the PAT growth of 30% yoy to Rs131.1cr.
  • Company recommended dividend of Rs6.5 per share (i.e. 65%) for FY18.

Technical View:

Birla Corporation Ltd is currently trading at Rs. 691.50, down by 11.2 points or 1.59% from its previous closing of Rs. 702.70 on the BSE.
The scrip opened at Rs. 697 and has touched a high and low of Rs. 706.25 and Rs. 689 respectively. So far 48,780 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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