PTC India Ltd's Q2FY19 standalone net profit declines 26.7% yoy to Rs96cr

The company’s standalone revenue stood at Rs4,535cr, up 30% yoy and 33.9% qoq

Nov 13, 2018 04:11 IST India Infoline Research Team

PTC India Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 4,535 30
EBITDA 132 40.8
EBITDA Margin (%) 2.9 22
Net Profit (adjusted) 96 [26.7]
***EBITDA margin change is bps

PTC India (PTC) reported strong growth in revenue, which did not in reflect in earnings growth due to lower other income in Q2FY19. Revenue grew by 30% yoy to Rs4,535cr. EBITDA stood at Rs132cr, up 40.8% yoy. EBIDTA margin rose by 22bps yoy to 2.9%. Net Profit stood at Rs96cr for Q2FY19, down 26.7% yoy.
  • Trading revenues rose by 30.5% yoy in Q2FY19 to reach Rs4,448cr.
  • A surcharge of Rs39cr was recognised in Q2FY19 from sundry debtors against a surcharge of Rs10.7cr in Q2FY18.
  • Other income came in lower by 47.9% yoy in Q2FY19 at Rs65cr. A large part of this decrease was due to significantly lower dividend from a subsidiary in Q2FY19 (Rs8.4cr) from Rs62.6cr in Q2FY18.
  • Employee costs rose by 8.1% yoy to Rs8cr for the quarter.

Technical View:

PTC India Ltd ended at Rs. 77.25, down by 2.1 points or 2.65% from its previous closing of Rs. 79.35 on the BSE.
The scrip opened at Rs. 79.35 and touched a high and low of Rs. 79.85 and Rs. 75.80 respectively. A total of 32,71,661 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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