S H Kelkar & Company Ltd's Q4FY18 consolidated net profit declines 15.53% yoy to Rs23.17cr : Misses Estimates

The company’s consolidated revenue stood at Rs285.07cr, up 15.18% yoy and 0.69% qoq.

May 25, 2018 02:05 IST India Infoline Research Team

S H Kelkar & Company Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 285.07 15.2
EBITDA 27.05 [26.8]
EBITDA Margin (%) 9.5 [544]
Net Profit (adjusted) 23.17 [15.5]
***EBITDA margin change is bps
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Reco. Price

243

Last updated on

22-May-2018

S H Kelkar and Company Ltd's consolidated revenue for Q4FY18 came in at Rs285.07cr, up by 15.2% yoy Q4FY17. The operating profit stood at Rs27.05cr, which declined significantly by 26.8% yoy in Q4FY18. The EBITDA margin declined by ~544bps to 9.5% in Q4FY18. The adjusted net profit after tax came in at Rs23.17cr, lower by 15.5% yoy. The revenue, operating profit and net profit after tax of the company beat the bloomberg estimates by 7.6%, 37% and 36.3% respectively. The revenue is in-line with street estimates. However, the operating profit and the net profit missed the street estimates by 45% and 28% respectively.

Technical View:

S H Kelkar & Company Ltd is currently trading at Rs. 250, up by 1.25 points or 0.5% from its previous closing of Rs. 248.75 on the BSE.
The scrip opened at Rs. 251.15 and has touched a high and low of Rs. 252.30 and Rs. 246.45 respectively. So far 24,538 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.


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