India Cements Ltd's Q3FY19 standalone net profit declines 79.5% yoy to Rs3.10cr: Beats Estimates
The company’s standalone revenue in the quarter stood at Rs1,316.3cr, up 8.5% yoy but down 5.1% qoq.
Feb 11, 2019 03:02 IST India Infoline Research Team
India Cements Ltd Q3FY19
Standalone Results Q3FY19: (in Rs cr)
Q3FY19 | YoY (%) | |
---|---|---|
Revenue | 1,316.3 | 8.5 |
EBITDA | 134.9 | [19.4] |
EBITDA Margin (%) | 10.2 | [354] |
Net Profit (adjusted) | 3.1 | [79.5] |
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- Power cost for the quarter was up 532bps yoy as a percent of net sales.
- Interest cost was down 21.2% yoy to Rs72.8cr.
- Other income for the quarter grew 16.3% yoy to Rs4.3cr.
Technical View:
India Cements share price is currently at Rs77.20, down 0.8 points, or 1.03%, from its previous close of Rs78 on the BSE. The scrip opened at Rs79 and has touched a high and low of Rs79.85 and Rs76.05 respectively. A total of 90,21,839 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200-DMA.