S H Kelkar & Company Ltd's Q3FY19 consolidated net profit declines 21.33% yoy to Rs21.39cr : Misses Estimates

The company’s consolidated revenue stood at Rs254.83cr, down 9.69% yoy and 10.11% qoq.

Feb 06, 2019 02:02 IST India Infoline Research Team

S H Kelkar & Company Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 254.83 [9.7]
EBITDA 38.36 [32.3]
EBITDA Margin (%) 15.1 [502]
Net Profit (adjusted) 21.39 [21.3]
***EBITDA margin change is bps
S H Kelkar and Company Ltd's consolidated revenue for Q3FY19 came in at Rs254.8cr, down 9.7% yoy. The operating profit stood at Rs38.4cr, which declined by 32.3% yoy in Q3FY19. The EBITDA margin declined by ~502bps yoy to 15.1% in Q3FY19. The adjusted net profit after tax (after non-controlling interests) came in at Rs21.4cr, down 21.3% yoy. The revenue, operating profit and net profit missed the consensus estimate of Rs314cr, Rs52cr and Rs32cr by 19%, 26% and 33% respectively.

Technical View:

S H Kelkar & Company Ltd is currently trading at Rs. 165.10, down by 0.95 points or 0.57% from its previous closing of Rs. 166.05 on the BSE.
The scrip opened at Rs. 166.30 and has touched a high and low of Rs. 169.80 and Rs. 160.75 respectively. So far 26,776 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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