KRBL Ltd's Q4FY18 consolidated net profit declines 12.8% yoy to Rs95.3cr : Misses Estimates

The company’s consolidated revenue stood at Rs876cr, down 4.0% yoy but up 11.8% qoq.

May 10, 2018 10:05 IST India Infoline Research Team


Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 876 [4.0]
EBITDA 204.40 16.3
EBITDA Margin (%) 23.3 407
Net Profit (adjusted) 95.30 [12.8]
***EBITDA margin change is bps


Reco. Price


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KRBL posted disappointing set of numbers for the quarter, significantly below consensus estimates on the PAT front. Revenue for the quarter declined by 4% yoy to Rs876cr. On account of lower raw material costs, the EBITDA reported growth of 16.3% yoy to Rs204.4cr and EBITDA margin expanded by 407bps yoy to 23.3%. However, the higher interest cost and tax outgo led to 12.8% decline in net profit, 28% lower than estimates. 
  • Agri segment’s revenue declined by 3.9% yoy, however, the EBIT margin of the segment improved by 482bps yoy.
  • Energy segment, on the other hand, reported revenue growth of 10.9% with 756bps expansion in EBIT margin.
  • Interest cost for the company shot up to Rs31.5cr against Rs1.4cr in same quarter last year.
  • Tax rate for the quarter stood at 41%. 

Technical View:

KRBL Ltd is currently trading at Rs. 489, down by 57.35 points or 10.5% from its previous closing of Rs. 546.35 on the BSE.
The scrip opened at Rs. 550.50 and has touched a high and low of Rs. 554.45 and Rs. 486 respectively. So far 9,17,011 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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