Gujarat State Fertilizers & Chemicals Ltd's Q3FY19 standalone net profit declines 0.76% yoy to Rs98.94cr : Misses Estimates

The company’s standalone revenue stood at Rs1,993.93cr, up 29.69% yoy but down 25.37% qoq.

Jan 25, 2019 01:01 IST India Infoline Research Team

Gujarat State Fertilizers & Chemicals Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 1,993.93 29.7
EBITDA 152.41 [5.6]
EBITDA Margin (%) 7.6 [287]
Net Profit (adjusted) 98.94 [0.8]
***EBITDA margin change is bps
Gujarat State Fertilizers & Chemicals Limited's standalone revenue for the Q3FY19 came in at Rs1,994cr, up 29.7% yoy. The operating profit for the quarter came in at Rs152.4cr, down 5.6% yoy. The EBITDA margin contracted by ~287bps yoy to 7.6% in Q3FY19. The adjusted net profit for the quarter stood at Rs98.9cr, which remained flat yoy. The revenue, EBITDA and PAT missed the estimate of Rs2,111cr, Rs208cr and Rs135cr by 6%, 27% and 27% respectively.

Technical View:

Gujarat State Fertilizers & Chemicals Ltd is currently trading at Rs. 100.85, down by 4.75 points or 4.5% from its previous closing of Rs. 105.60 on the BSE.
The scrip opened at Rs. 106.20 and has touched a high and low of Rs. 106.20 and Rs. 100.80 respectively. So far 51,28,291 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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