Monsanto India Ltd's Q4FY18 standalone net profit rises 66.43% yoy to Rs53.14cr : In-line with Estimates

The company’s standalone revenue stood at Rs156.85cr, up 13.86% yoy but down 14.63% qoq.

May 15, 2018 11:05 IST India Infoline Research Team

Monsanto India Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 156.85 13.9
EBITDA 54.56 48.7
EBITDA Margin (%) 34.8 815
Net Profit (adjusted) 53.14 66.4
***EBITDA margin change is bps


Reco. Price


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Monsanto India Ltd's revenue for the quarter came in at Rs156.85cr, up by 13.9% yoy. The operating profit stood at Rs54.56cr, which increased by 48.7% yoy. The EBITDA margin increased significantly by ~815bps yoy to 34.8% in Q4FY18, however, it declined by ~275bps qoq. The net profit after tax came in at Rs53.14cr for Q4FY18, up by 66.4% yoy. The revenue, operating profit and net profit were in-line with street estimates.
  • The gross profit margin of the company increased significantly by ~830bps yoy to 67.1% in Q4FY18. This is on account of likely rise in the final inventory leading to an inventory gain during the quarter.
  • Employee benefits expense and depreciation increased significantly by 21.5% and 104% yoy to Rs13.7cr and Rs5.14cr respectively.
  • The effective tax rate of the company for FY18 was at 4% as against 7% in FY17.
  • Board of directors recommended a final dividend of Rs15 per share, subject to shareholders’ approval in an annual general meeting.

Technical View:

Monsanto India Ltd is currently trading at Rs. 2,750, down by 39.75 points or 1.42% from its previous closing of Rs. 2,789.75 on the BSE. The scrip opened at Rs. 2,770 and has touched a high and low of Rs. 2,790 and Rs. 2,736.55 respectively. So far 3,927 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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