Crompton Greaves Ltd's consolidated adjusted net profit declines 15.1% yoy to Rs24.6cr : Misses Estimates

The company’s consolidated revenue stood at Rs1,792.35cr, up 18.1% yoy.

May 31, 2018 04:05 IST India Infoline Research Team

Crompton Greaves Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 1,792.35 18.1
EBITDA 143.48 34.6
EBITDA Margin (%) 8.0 98
Net Profit (adjusted) 24.60 -15.1
***EBITDA margin change is bps
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Buy

Reco. Price

72

Last updated on

24-May-2018

CG Power and Industrial Solutions Ltd’s Q4FY18 consolidated sales increased by 18.1% yoy to Rs1,792.4cr from Rs1,517.6cr (net of excise duty) in Q4FY17. EBITDA has increased by 34.5% yoy to Rs143.5cr from Rs106.6cr in Q4FY17, while EBITDA margin increased from 7% in Q4FY17 to 8% in Q4FY18. Owing to one-time expenses related to litigation claims and set of write-offs in relation to inventories and other receivables, the company reported net loss of Rs389.6cr vs Rs41cr in Q4FY17. Adjusting for exceptional loss, net profit declined by 15% yoy to Rs24.6cr. 

• Employee cost and other expenses in proportion to sales declined during the quarter. This led to higher increase in EBITDA and margin.
• Other income declined by 99% yoy to Rs21lakhs.


Technical View:

CG Power & Industrial Solutions Ltd is currently trading at Rs. 72.40, down by 4.45 points or 5.79% from its previous closing of Rs. 76.85 on the BSE.
The scrip opened at Rs76 and has touched a high and low of Rs76.75 and Rs72 respectively. So far 15,73,104 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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