MMTC Ltd's Q1FY19 standalone net profit declines 42.13% yoy to Rs11.40cr :

The company’s standalone revenue stood at Rs5,088cr, down 19.49% yoy but up 64.39% qoq.

Aug 15, 2018 12:08 IST India Infoline Research Team

MMTC Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 5,088 [19.5]
EBITDA 16.4 105.1
EBITDA Margin (%) 0.3 20
Net Profit (adjusted) 11.4 [42.0]
***EBITDA margin change is bps

MMTC Ltd reported de-growth in revenue and earnings in Q1FY19. Revenue fell by 19.5% yoy to Rs5,088cr. EBITDA stood at Rs16.4cr, up 105.1% yoy. EBIDTA margin stood at 0.3% in Q1FY19, up 20bps yoy. Adjusted Net Profit stood at Rs11.4cr, down 42% yoy.
  • Gross Margin stood at 6% for the quarter, down 129bps yoy.
  • Segmental Revenue for the quarter was as follows –
    • Precious Metals -  Rs2,545cr (down 37.3% yoy)
    • Metals - Rs222cr  (down 29.7% yoy)
    • Minerals - Rs24cr  (down 95.6% yoy)
    • Coal and Hydrocarbons - Rs390cr  (up 177.5% yoy)
    • Agro Products - Rs861cr  (up 959.3% yoy)
    • Fertilizers - Rs1,045cr (down 10% yoy)
  • Segmental EBIT for the quarter was as follows –
    • Precious Metals - Rs9.1cr  (up 14.5% yoy)
    • Metals - Rs63cr  (up 62% yoy)
    • Minerals - Rs0.4cr  (down 97.1% yoy)
    • Coal and Hydrocarbons - Rs10.9cr (down 0.1% yoy)
    • Agro Products - Rs11.4cr (up 777.7% yoy)
    • Fertilizers - Rs3.8cr  (up 160.7% yoy)




Technical View:

MMTC Ltd ended at Rs. 33.40, up by 0.4 points or 1.21% from its previous closing of Rs. 33 on the BSE.
The scrip opened at Rs. 33.40 and touched a high and low of Rs. 33.90 and Rs. 32.85 respectively. A total of 11,16,180 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.


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