OCL India Ltd's Q1FY19 standalone net profit declines 36.3% yoy to Rs74.6cr

The company’s standalone revenue stood at Rs921.8cr, up 11.2% yoy but down 12.6% qoq.

Aug 12, 2018 03:08 IST India Infoline Research Team

OCL India Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 921.8 11.2
EBITDA 158.9 [21.2]
EBITDA Margin (%) 17.2 [708]
Net Profit (adjusted) 74.6 [36.3]
***EBITDA margin change is bps
OCL India reported weak set of numbers for the quarter. The standalone revenue (net of excise duty in the base quarter) was up by 11.2% yoy to Rs921.8cr. However, the EBITDA declined by 21.2% yoy to Rs158.9cr due to sharp jump in the raw material cost. EBITDA margin contracted by 708bps yoy to 17.2%. Further, higher depreciation cost and lower other income led PAT to report decline of 36.3% yoy to Rs74.6cr.
  • Cement segment reported 6.6% yoy growth in revenue (net of excise duty, assuming all excise duty towards cement segment). However, the EBIT of the segment declined sharply by 30.8% yoy on account of higher costs.
  • On the other hand, performance of refractory business was healthy; revenue was up 62.4% yoy to Rs112.7cr with an EBIT of Rs5.2cr against EBIT loss of Rs6cr in Q1FY18.
  • Raw material cost jumped by 681bps yoy as percent of net sales.
  • Due to higher petcoke and diesel prices, power and freight costs were up by 117bps and 100bps yoy as percent of net sales.
  • Depreciation was up by 22.6% yoy.
  • Other income for the quarter declined sharply by 43.6% yoy to Rs20.3cr.




Technical View:

OCL India Ltd ended at Rs. 1,186.35, down by 20.55 points or 1.7% from its previous closing of Rs. 1,206.90 on the BSE.
The scrip opened at Rs. 1,195 and touched a high and low of Rs. 1,214.90 and Rs. 1,185.20 respectively. A total of 54,485 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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