Narayana Hrudayalaya Ltd's Q4FY18 consolidated net profit declines 63.55% yoy to Rs8.11cr : Misses Estimates

The company’s consolidated revenue stood at Rs646.80cr, up 33.77% yoy and 16.78% qoq.

May 29, 2018 03:05 IST India Infoline Research Team

Narayana Hrudayalaya Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 646.80 33.8
EBITDA 52.31 [13.0]
EBITDA Margin (%) 8.1 [435]
Net Profit (adjusted) 8.11 [63.6]
***EBITDA margin change is bps


Reco. Price


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Narayana Hrudayalaya’s revenue for Q4FY18 grew by 33.8% yoy to Rs646.8cr. EBITDA declined by 13% yoy to Rs52.3cr vs. Rs60.1cr in Q4FY17. EBITDA margin for Q4FY18 stood at 8.1% vs. 9.3% in Q3FY18 and 12.4% in Q4FY17.  Adjusted PAT decreased by 63.6% yoy to Rs8.1cr for Q4FY18 vs. Rs22.3cr in Q4FY17.
  • Employee expenses rose by 54% yoy and consumable expenses rose by 49% yoy, which led to the decline in the EBITDA margins.
  • Gross margins declined by 250bps yoy to 75%.
  • Depreciation expenses in Q4FY18 rose by 22.8% yoy to Rs26.1cr.
  • During the quarter, company has recorded exceptional, one-off gain of Rs1.7cr on account of buyback of shares of its health venture in Cayman Islands.
Technical View:

Narayana Hrudayalaya Ltd is currently trading at Rs. 246.75, up by 5.15 points or 2.13% from its previous closing of Rs. 241.60 on the BSE.
The scrip opened at Rs. 240 and has touched a high and low of Rs. 247.15 and Rs. 237.75 respectively. So far 1,88,749 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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