MMTC Ltd's Q2FY19 standalone net profit rises 180.7% yoy to Rs30.6cr

The company’s standalone revenue stood at Rs7,423cr, up 103.5% yoy and 45.9% qoq

Nov 12, 2018 03:11 IST India Infoline Research Team


Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 7,423 103.5
EBITDA Margin (%) 0.8 94
Net Profit (adjusted) 30.6 180.7
***EBITDA margin change is bps

MMTC Ltd reported sharp growth in revenue and earnings in Q2FY19 due to improved profits from the precious metals and coal & hydrocarbons segments. Revenue rose by 103.5% yoy to Rs7,423cr. EBITDA stood at Rs62.5cr, against an EBITDA loss of Rs3.5cr in Q2FY18. EBIDTA margin stood at 0.8% in Q2FY19, up 94bps yoy. Adjusted Net Profit stood at Rs30.6cr, up 180.7% yoy.
  • Gross Margin stood at 5.2% for the quarter, down 34bps yoy
  • Segmental revenue for the quarter was as follows –
    • Precious Metals:   Rs5,056cr (up 137.6% yoy)
    • Metals:    Rs816cr  (up 94% yoy)
    • Minerals:    Rs104cr  (down 58.2% yoy)
    • Coal and Hydrocarbons:   Rs452cr  (up 174.5% yoy)
    • Agro Products:    Rs273cr  (up 95.2% yoy)
    • Fertilizers:     Rs720cr  (up 33.8% yoy)
  • Segmental EBIT for the quarter was as follows –
    • Precious Metals:   Rs29.8cr (up 319% yoy)
    • Metals:    Rs72cr  (up 77.2% yoy)
    • Minerals:    Rs12.2cr (up 66.3% yoy)
    • Coal and Hydrocarbons:   Rs17.5cr (up 284% yoy)
    • Agro Products:    Rs3.6cr  (down 0.6% yoy)
    • Fertilizers:     Rs2.5cr  (up 228% yoy)

Technical View:

MMTC Ltd is currently trading at Rs. 30.10, down by 0.45 points or 1.47% from its previous closing of Rs. 30.55 on the BSE.
The scrip opened at Rs. 30.95 and has touched a high and low of Rs. 31 and Rs. 30 respectively. So far 10,20,742 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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