Sadbhav Engineering Ltd's Q1FY19 standalone net profit rises 14.3% yoy to Rs63.4cr: Misses Estimates

The company’s standalone revenue in the period stood at Rs911.4cr, down 3.49% yoy

Aug 13, 2018 11:08 IST India Infoline Research Team

Sadbhav Engineering Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 911.4 [3.5]
EBITDA 107 0.3
EBITDA Margin (%) 11.7 44
Net Profit (adjusted) 63.4 14.3
***EBITDA margin change is bps
Sadbhav Engineering’s Q1FY19 standalone numbers were lower than expected. Sales for the quarter de-grew 3.5% yoy to Rs911.4cr vs expectations of Rs1,019cr. EBITDA has been flat at Rs107cr vs expectations of Rs116cr. However, EBITDA margin is up 44bps yoy to 11.7% during the quarter. Net profit during the quarter increased 14.3% yoy to Rs63.4cr, almost in-line with expectations of Rs61cr.

• Employee expenses have increased 37% yoy, while other expenses have declined 70% yoy.
• Finance cost declined 20% yoy to Rs25.7cr, while other income went up 176% yoy to Rs10.8cr.

Technical View:

Sadbhav Engineering Ltd ended the day at Rs277, down 2.85 points, or 1.02%, from its previous close of Rs279.85 on the BSE. The scrip opened at Rs274.60 and has touched a high and low of Rs286 and Rs274.50, respectively. A total of 1,74,650 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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