FDC Ltd's Q4FY18 consolidated net profit declines 35.77% yoy to Rs31.52cr : Misses Estimates

The company’s consolidated revenue stood at Rs271.40cr, up 8.92% yoy and 9.1% qoq.

May 25, 2018 03:05 IST India Infoline Research Team

FDC Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 271.40 8.9
EBITDA 30.24 [43.8]
EBITDA Margin (%) 11.1 [1,047]
Net Profit (adjusted) 31.52 [35.8]
***EBITDA margin change is bps
View

Buy

Reco. Price

242

Last updated on

25-May-2018


FDC’s revenue in Q4FY18 grew by 8.9% to Rs271.4cr. EBITDA declined by 43.8% yoy to Rs30.24cr. EBITDA margins were at 11.1% in Q4FY18 vs. 21% in Q3FY18 and 21.6% in Q4FY17. PAT declined by 35.8% yoy to Rs31.5cr in Q4FY18.
  • Material cost increased by 11.2% yoy to Rs95cr in Q4FY18.
  • As % of sale, material cost was at 35% vs. 30% in Q3FY18 and 34% in Q4FY17.
  • Employee cost increased by 21.9% yoy to Rs56cr in Q4FY18.
  • EBITDA margins at 11.1% are one of the lowest that it has reported in the past several years.
  • Tax rate was at 32% in Q4FY18 vs. 23% in Q4FY18 and 26% in Q3FY17.


Technical View:

FDC Ltd ended at Rs. 243.30, down by 1.15 points or 0.47% from its previous closing of Rs. 244.45 on the BSE.
The scrip opened at Rs. 248.75 and touched a high and low of Rs. 248.75 and Rs. 242.65 respectively. A total of 21,969 (NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.


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