Greaves Cotton Ltd's Q1FY19 standalone net profit rises 13.3% yoy to Rs39.8cr

The company’s standalone revenue in the quarter stood at Rs458.2cr, up 12.8% yoy.

Aug 13, 2018 10:08 IST India Infoline Research Team

Greaves Cotton Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 458.2 12.8
EBITDA 60.9 10.1
EBITDA Margin (%) 13.3 [33]
Net Profit (adjusted) 39.8 13.3
***EBITDA margin change is bps
Greaves Cotton has reported a subdued set of Q1FY19 numbers. Sales in the quarter grew 12.8% yoy to Rs458.2cr. EBITDA increased by 10.1% yoy to Rs60.9cr vs Rs55.4cr. EBITDA margin went down 33bps yoy to 13.3%. Net profit during the quarter increased 13.3% yoy to Rs39.8cr.

• Sales from the Engine segment declined 1% yoy to Rs433.4cr, while other segment's sales increased 66% yoy to Rs24.8cr.

• EBIT for the Engine segment was up 11% yoy to Rs68.7cr, while others’ segment margin jumped from just Rs24 lakh in Q1FY18 to Rs1.91cr. EBIT margin for the Engine segment increased from 14.1% to 15.8% in Q1FY19, while others segment margin improved from 1.6% to 7.7% in Q1FY19.




Technical View:

Greaves Cotton Ltd ended the day at Rs151, down 6.05 points, or 3.85%, from its previous close of Rs157.05 on the BSE.
The scrip opened at Rs156 and touched a high and low of Rs156.60 and Rs148.10, respectively. A total of 28,02,464 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

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