Centrum Capital Ltd posts standalone net loss at Rs8cr in Q2FY19 vs. net profit of Rs7cr yoy

The company’s standalone revenue stood at Rs6cr, up 43.2% yoy and 226.1% qoq.

Nov 12, 2018 12:11 IST India Infoline Research Team

Centrum Capital Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 6.37 43.2
Net Loss (adjusted) 7.69 -

Centrum Capital Ltd’s revenue for the quarter stood at Rs6cr vs. Rs4cr yoy and Rs2cr qoq. EBITDA loss came in at Rs4cr, against Rs7cr yoy and Rs11cr qoq. Company’s adjusted net loss for the quarter stood at Rs8cr vs. adjusted net profit of Rs7cr yoy and adjusted net loss of Rs18cr qoq.

• Employee benefit expenses stood at Rs6cr vs. Rs5cr yoy.
• Administrative expenses declined by 30.6% yoy to Rs4cr.
• Finance cost grew by 13.2% yoy to Rs10cr.
• Other income stood at Rs4cr vs. Rs23cr yoy.  
• Net debt-to-equity ratio stood at 0.4x at the end of Q2FY19 vs. 0.9x at Q4FY18.

Technical View:

Centrum Capital Ltd is currently trading at Rs. 39.45, down by 0.75 points or 1.87% from its previous closing of Rs. 40.20 on the BSE.
The scrip opened at Rs. 40 and has touched a high and low of Rs. 40.65 and Rs. 39 respectively. So far 1,09,604 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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