Maharashtra Seamless Ltd's Q3FY19 standalone net profit rises 139% yoy to Rs93cr

The company’s standalone revenue stood at Rs786cr, up 39.4% yoy and 11.8% qoq.

Feb 11, 2019 02:02 IST India Infoline Research Team

Maharashtra Seamless Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 786 39.4
EBITDA 157 157.6
EBITDA Margin (%) 20 918
Net Profit (adjusted) 93 139.3
***EBITDA margin change is bps

Maharashtra Seamless reported strong revenue and earnings growth for Q3FY19. Revenue grew by 39.4% yoy to Rs786cr. EBITDA stood at Rs157cr, up 157.6% yoy. EBIDTA margin rose by 918bps yoy to 20%. Net Profit stood at Rs93cr for Q3FY19, up 139.3% yoy.
  • Segmental revenue for the quarter was as follows:
    • Steel Pipes                               Rs774cr       (up 38.9% yoy)
    • Power                    Rs12.1cr       (up 85.1% yoy)
  • Segmental EBIT for the quarter was as follows:
    • Steel Pipes                               Rs130cr       (up 234% yoy)
    • Power                    Rs8cr       (up 123% yoy)
  • EBIT margins at the segmental level for Q3FY19 stood at:
    • Steel Pipes                               16.7%       (up 978bps yoy)
    • Power                    67%       (up 1,141bps yoy)

Technical View:

Maharashtra Seamless Ltd is currently trading at Rs. 465, down by 0 points or 0% from its previous closing of Rs. 465 on the BSE.
The scrip opened at Rs. 466.20 and has touched a high and low of Rs. 478 and Rs. 463.55 respectively. So far 1,88,557 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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