MMTC Ltd posts standalone net profit of Rs17.7cr in Q4FY18 vs. net loss of Rs19cr in Q4FY17

The company’s standalone revenue stood at Rs3,095cr, up 21.9% yoy but down 8.6% qoq

May 29, 2018 01:05 IST India Infoline Research Team


Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 3,095 21.9
EBITDA Margin (%) 0.1 92
Net Profit (adjusted) 17.7 -
***EBITDA margin change is bps


Reco. Price


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MMTC Ltd reported growth in revenue and earnings in Q4FY18. Revenue rose by 21.9% yoy to Rs3,095cr. EBITDA stood at Rs4cr, against a loss of Rs20cr in Q4FY17. EBIDTA margin stood at 0.1% in Q4FY18. Adjusted Net Profit stood at Rs17.7cr, against a loss of Rs19cr in Q4FY17.
  • Gross Margin stood at 7.9% for the quarter, down from 8.6% in Q4FY17
  • Segmental Revenue for the quarter was as follows –
    • Precious Metals                  Rs1,517cr (down 12.5% yoy)
    • Metals                                 Rs161cr  (down 36.8% yoy)
    • Minerals                              Rs353cr  (up 10.2% yoy)
    • Coal and Hydrocarbons      Rs322cr  (up 148% yoy)
    • Agro Products                     Rs586cr  (up 1181% yoy)
    • Fertilizers                            Rs155cr  (up 265% yoy)
    • Others                                 Rs1cr  (down 90% yoy)
  • Segmental EBIT for the quarter was as follows –
    • Precious Metals                  Rs15cr (up 17% yoy)
    • Metals                                 Rs46cr (up 47.6% yoy)
    • Minerals                              Rs18cr  (up 93% yoy)
    • Coal and Hydrocarbons      Rs12cr  (up 2654% yoy)
    • Agro Products                     Rs8.3cr (up 1558% yoy)
    • Fertilizers                            Rs0.7cr  (against a loss of Rs1.5cr)
    • Others                                Rs0.7cr  (against a loss of Rs4.7cr)

Technical View:

MMTC Ltd ended at Rs. 36.55, up by 1.1 points or 3.1% from its previous closing of Rs. 35.45 on the BSE.
The scrip opened at Rs. 35.60 and touched a high and low of Rs. 37.25 and Rs. 35.55 respectively. A total of 21,62,500 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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