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Radico Khaitan's Q4FY16 standalone net profit declines 0.87% yoy to Rs.14.77 crore : Estimates Mixed

The company’s standalone revenue stood at Rs. 377.64 crore, up 9.97% yoy but down 5.8% qoq.

May 10, 2016 5:56 IST | India Infoline News Service
Radico Khaitan
Radico Khaitan, manufactures industrial alcohol, reported standalone net profit of Rs.14.77 crore for the quarter ended March 31, 2016, registering decline of 0.87% yoy and 41.79% qoq. The company’s revenue stood at Rs. 377.64 crore, up 9.97% yoy but down 5.8% qoq.
Its standalone core operating profit of Rs. 38.83 crore for the quarter, clocked growth of 16.93% yoy but decline of 33.61% qoq. Operating profit margin for the current quarter at 10.28% expanded by 61 bps yoy but contracted by 431 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 223.89 crore, growing by 231.03% yoy. Its standalone revenue for the period stood at Rs. 1,543.09 crore, registering growth of 3.67% yoy.

Radico Khaitan Ltd's core operating profit stood at Rs. 194.60 crore, recording growth of 14.2% yoy. Operating margin for the current period at 12.15% expanded by 70 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 377.64 364 3.75
Standalone Net Profit 14.77 19 [22.26]

Standalone EPS for the quarter stood at Rs. 1.11.

Bloomberg estimated the company’s standalone net profit at Rs. 16.10 crore.

Stock Commentary:

Radico Khaitan Ltd ended at Rs. 92, down by 0.55 points or 0.59% from its previous closing of Rs. 92.55 on the BSE.

The scrip opened at Rs. 92.95 and touched a high and low of Rs. 93 and Rs. 91 respectively. A total of 147179(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1231.38 crore.

The BSE group 'B' stock of face value Rs. 2 touched a 52 week high of Rs. 130.9 on 20-Nov-2015 and a 52 week low of Rs. 78.1 on 29-Jun-2015. Last one week high and low of the scrip stood at Rs. 93.8 and Rs. 86.95 respectively.

The promoters holding in the company stood at 40.46 % while Institutions and Non-Institutions held 39.08 % and 20.46 % respectively.

The stock traded above its 200 DMA.


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