Gayatri Projects Ltd's Q1FY19 standalone net profit rises 11.66% yoy to Rs50.37cr : Beats Estimates

The company’s standalone revenue in the period stood at Rs822.80cr, up 26.19% yoy but down 11.83% qoq.

Aug 14, 2018 02:08 IST India Infoline Research Team

Gayatri Projects Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 822.80 26.2
EBITDA 141.75 46.0
EBITDA Margin (%) 17.2 234
Net Profit (adjusted) 50.37 11.7
***EBITDA margin change is bps
Q1FY19 against Rs652.04cr in Q1FY18, beating the estimate of Rs768cr. EBITDA for the quarter grew 46% yoy to Rs141.75cr against Rs97.06cr, beating the estimate of Rs121cr. EBITDA margin grew 234bps yoy to 17.2%. Net profit for the quarter grew 11.7% yoy to Rs50.37cr against Rs45.11cr last year, beating the estimate of Rs39cr.

Technical View:

Gayatri Projects Ltd ended the day at Rs204.40, up 1.75 points, or 0.86%, from its previous close of Rs202.65 on the BSE. The scrip opened at Rs202.80 and has touched a high and low of Rs210 and Rs200.15, respectively. A total of 64,773 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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