Greenply Industries Ltd's Q4FY18 standalone net profit declines 22.2% yoy to Rs32.60cr : Misses Estimates

The company’s standalone revenue stood at Rs420cr, down 5.96% yoy.

May 29, 2018 07:05 IST India Infoline Research Team

Greenply Industries Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 420 [6.0]
EBITDA 58.40 [22.0]
EBITDA Margin (%) 13.9 [287]
Net Profit (adjusted) 32.60 [22.2]
***EBITDA margin change is bps
View

Buy

Reco. Price

297

Last updated on

14-May-2018



For Q4FY18, Greenply Industries Ltd’s net revenue decreased by 6% yoy to Rs420cr as against Rs446.6cr in Q4FY17. The company’s EBITDA margin has decreased by 287bps yoy to 13.9% as against 16.8% in Q4FY17. The EBITDA decreased by 22% yoy to Rs58.4cr as against Rs74.9cr. The company’s PAT decreased by 22.2% to Rs32.6cr as against Rs41.9cr, missing the consensus estimate.


• Plywood revenues down by 0.2% yoy to Rs305.78cr.
• MDF revenues down by 23.7% yoy to Rs105.11cr.
• EBITDA margin is down due to lower realisations in Plywood and losses in Wallpaper and others category.
• Net debt-to-equity at 0.71 as on March 31, 2018 as compared to 0.54 as on March 31, 2017. Debt includes Rs384.62cr on account of new MDF plant.



Technical View:

Greenply Industries Ltd ended at Rs. 265.20, down by 13.8 points or 4.95% from its previous closing of Rs. 279 on the BSE.
The scrip opened at Rs. 275.40 and touched a high and low of Rs. 280 and Rs. 265.20 respectively. A total of 73,173 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.


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