Rupa & Company Ltd's Q2FY19 standalone net profit rises 30% yoy to Rs28cr : In line with Estimates

The company’s standalone revenue stood at Rs248cr, down 0.3% yoy but up 35% qoq.

Nov 14, 2018 07:11 IST India Infoline Research Team

Rupa & Company Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 247.59 [0.3]
EBITDA 48.84 27.4
EBITDA Margin (%) 19.7 429
Net Profit (adjusted) 28.09 30.0
***EBITDA margin change is bps

Rupa & Company Ltd’s revenue declined by 0.3% yoy and grew by 35% qoq to Rs248cr. EBITDA came in at Rs49cr, up 27.4% yoy and 133.4% qoq. EBITDA margin expanded by 429bps yoy and 832bps qoq. Company’s adjusted Net profit stood at Rs28cr, up 30% yoy and 173.3% qoq. Adjusted Net profit came in-line with estimate of Rs30cr. 

• Cost of goods sold stood at 29.3% of sales vs. 45.4% yoy. However, on the other hand, subcontracting/jobbing expenses stood at 31.8% of sales vs. 20.8% yoy.
• Employee benefit expenses stood at 4.3% of sales vs. 3.4% yoy.
• Finance cost increased by 87.8% yoy to Rs4cr.

Technical View:

Rupa & Company Ltd is currently trading at Rs. 322.25, down by 5.3 points or 1.62% from its previous closing of Rs. 327.55 on the BSE.
The scrip opened at Rs. 327 and has touched a high and low of Rs. 335 and Rs. 320 respectively. So far 22,782 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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