Sharda Cropchem Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||18|||
|Net Profit (adjusted)||24||[26.5]|
Sharda Cropchemâ€™s consolidated revenue for the quarter came in at Rs. 278 crore, registering 12.7% yoy increase. This was primarily driven by increase in revenue from Belts and Agrochemicals by 35% yoy and 9.7% yoy, respectively.
EBITDA for the quarter fell by 1.7% yoy to Rs. 50 crore with a corresponding margin contraction of 265 bps. EBITDA margin for the quarter stood at 18%. This margin contraction was led by spike in raw material prices by 58% yoy.
The PAT for the quarter came in at Rs. 24 crore, yoy decline of 26.5%. This was due to jump in interest expenses to Rs. 0.07 crore in Q2FY18 from Rs. 0.001 crore in corresponding quarter last year.
The board of directors have declared an interim dividend of Rs. 2 per equity share for the face value of Rs. 10 each for FY18. The record date for the same will be November 7.
Sharda Cropchem Ltd is currently trading at Rs. 443.05, down by 10.2 points or 2.25% from its previous closing of Rs. 453.25 on the BSE.
The scrip opened at Rs. 455.25 and has touched a high and low of Rs. 457 and Rs. 436.40 respectively. So far 58,636(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
BSE 379.30 5.90 (1.58%)
NSE 376.00 3.50 (0.94%)
***Note: This is a NSE Chart
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