ITD Cementation India Ltd's Q1CY18 consolidated net profit before share of profit / loss from joint ventures declines 14.3% yoy to Rs27.45cr : In-line with Estimates

India Infoline Research Team | May 10, 2018 18:07 IST

The company’s consolidated revenue stood at Rs654.73cr, up 25.1% yoy and 13.9% qoq.

ITD Cementation India Ltd Q1CY18

Consolidated Results Q1CY18: (Rs. in cr)

Q1CY18 YoY (%)
Revenue 654.73 25.1
EBITDA 61.15 [19.6]
EBITDA Margin (%) 9.3 [520]
Net Profit (adjusted) 27.45 [14.3]
***EBITDA margin change is bps
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Reco. Price

167

Last updated on

23-Apr-2018

In Q1CY18 ITD Cementation Ltd’s operational revenue increased by 25.1% yoy to Rs654.73cr as against Rs523.44cr. The company’s EBITDA margin has decreased by 520bps yoy to 9.3% as against 14.5%. The company’s EBITDA declined by 19.6% yoy to Rs61.15cr as against Rs76.09cr. The company’s Adjusted PAT before share of profit / loss from joint ventures decreased by 14.3% yoy to Rs27.45cr as against Rs32.02cr. The company’s results are in-line with estimates.
  • The decline in EBITDA margin was led by a 74.5% yoy rise in cost of material consumed, 32.3% yoy rise in other expense and 30.8% rise in employee benefits expense.
  • The other income grew by 14% yoy to Rs8.5cr and effective tax rate declined by 38.8 percentage points yoy to 13.4%.


Technical View:

ITD Cementation India Ltd ended at Rs. 168.50, down by 6.3 points or 3.6% from its previous closing of Rs. 174.80 on the BSE.
The scrip opened at Rs. 176.95 and touched a high and low of Rs. 176.95 and Rs. 165 respectively. A total of 73,719 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.



***Note: This is a NSE Chart

 

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