Piramal Enterprises Ltd's Q4FY18 consolidated net profit rises to Rs3,944cr vs Rs316cr yoy

The company’s consolidated revenue stood at Rs2,991.06cr, up 22.04% yoy and 4.64% qoq.

May 28, 2018 01:05 IST India Infoline Research Team

Piramal Enterprises Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 2,991.06 22.0
EBITDA 1,380.79 33.8
EBITDA Margin (%) 46.16 404
Net Profit (adjusted) 3,943.93 -
***EBITDA margin change is bps


Reco. Price


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Piramal Enterprises Ltd’s revenue grew by 22% yoy and 4.6% qoq to Rs2,991cr. EBITDA came in at Rs1,381cr, up 33.8% yoy and down 4.6% qoq. EBITDA margin expanded by 404bps yoy and contracted by 447bps qoq to 46.16%. Company’s adjusted Net profit stood at Rs3,944cr vs. Rs316cr yoy and Rs490cr qoq.

• Revenue from financial services segment grew by 39.7% yoy to Rs1,395cr aiding in overall revenue growth.
• Pharmaceutical segment’s revenue grew by 10.1% yoy to Rs1,362cr.
• Cost of goods sold stood at 17.2% of sales vs. 18.3% yoy, which aided EBITDA margin expansion.
• Depreciation and amortisation expenses declined by 5.3% yoy to Rs115cr.
• Net profit growth is on account of recognition of Rs3,569cr during Q4FY18 as deferred tax assets arising from merger of its two wholly owned subsidiaries (Piramal Finance Ltd and Piramal Capital Ltd) with another step down wholly owned subsidiary (Piramal Housing Finance Ltd) of the company.

Technical View:

Piramal Enterprises Ltd is currently trading at Rs. 2,468.35, up by 62.85 points or 2.61% from its previous closing of Rs. 2,405.50 on the BSE.
The scrip opened at Rs. 2,439 and has touched a high and low of Rs. 2,505.30 and Rs. 2,434 respectively. So far 6,15,624 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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