Bombay Burmah Trading Corporation Ltd's Q3FY19 standalone net loss widens to Rs12cr yoy

The company’s standalone revenue stood at Rs55cr, up 10% yoy but down 7% qoq.

Feb 04, 2019 03:02 IST India Infoline Research Team

Bombay Burmah Trading Corporation Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 54.91 10.0
EBITDA  (-4.68) NA
EBITDA Margin (%) -8.5 964
Net Loss (adjusted) 11.64 NA
***EBITDA margin change is bps

Bombay Burmah Trading Corporation Limited (BBTC) reported standalone revenue of Rs55cr in Q3FY19, growth of 10% yoy (down 6% qoq). At the operating level, it reported loss of Rs5cr in Q3FY19 vs. loss of Rs9cr in Q3FY18 and loss of Rs7cr in Q2FY19. Standalone net loss for the quarter was Rs12cr against net loss of Rs1cr in Q3FY18 and loss of Rs9cr in Q2FY19.

Other Highlights
  • We want to draw investors’ attention towards the fact that standalone revenues contribute only 2% to BBTC’s consolidated revenues (as per FY18 data). Hence, looking at just the standalone numbers does not at all reveal the true picture of its performance. The company declares only standalone financials in its quarterly result announcement. Consolidated numbers are declared only for annual performance.

Technical View:

Bombay Burmah Trading Corporation Ltd is currently trading at Rs. 1,206, up by 5.75 points or 0.48% from its previous closing of Rs. 1,200.25 on the BSE.
The scrip opened at Rs. 1,201.05 and has touched a high and low of Rs. 1,240 and Rs. 1,178 respectively. So far 1,17,419 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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