ITI Ltd's Q1FY19 standalone net profit rises 630% yoy to Rs2.7cr

The company’s standalone revenue stood at Rs189cr, up 7.5% yoy but down 76.1% qoq

Aug 13, 2018 04:08 IST India Infoline Research Team

ITI Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 189 7.5
EBITDA Loss 83.4
EBITDA Margin (%) -44.2
Net Profit (adjusted) 2.7 629.7
***EBITDA margin change is bps

ITI Ltd reported an EBITDA loss in Q1FY19 despite revenue growth. Revenue grew by 7.5% yoy to Rs189cr. EBITDA loss stood at Rs83.4cr, against an EBITDA loss of Rs38.5cr in Q1FY18. Net Profit stood at Rs2.7cr, up from 0.4cr in Q1FY18.
  • Other income for the quarter stood at Rs125cr, up 51.1% yoy.
  • Employee costs fell by 14% yoy to Rs53cr in Q1FY19.
  • Finance costs for the quarter stood at Rs29.2cr, down 26.2% yoy.

Technical View:

ITI Ltd ended at Rs. 91.75, down by 1.4 points or 1.5% from its previous closing of Rs. 93.15 on the BSE.
The scrip opened at Rs. 94 and touched a high and low of Rs. 94 and Rs. 90 respectively. A total of 5,09,085 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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