Shilpa Medicare Ltd's Q1FY19 consolidated net profit rises 104.94% yoy to Rs38.61cr: In-line with Estimates

The company’s consolidated revenue in the period stood at Rs198.17cr, up 19.48% yoy but down 15.48% qoq.

Aug 13, 2018 10:08 IST India Infoline Research Team

Shilpa Medicare Ltd Q1FY19

Consolidated Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 198.17 19.5
EBITDA 54.72 67.8
EBITDA Margin (%) 27.6 796
Net Profit (adjusted) 38.61 104.9
***EBITDA margin change is bps
Shilpa Medicare’s revenue in Q1FY19 grew 19.5% yoy to Rs198.2cr. EBITDA in Q1FY19 grew 67.8% yoy to Rs54.7cr vs. Rs32.6cr in Q1FY18. EBITDA margins in Q1FY19 grew 796bps yoy to 27.6% vs. 19.7% in Q1FY18. PAT grew 104.9% yoy to Rs38.6cr in Q1FY19 vs. 18.8cr in Q1FY18.
  • The reported numbers are in line with the expectations, with sales 3% below our expectations but EBITDA/PAT 25%/3% above the estimates.
  • The improvement in EBITDA was mainly due to the 916bps yoy and 1,016bps qoq improvement in the gross margins.

Technical View:

Shilpa Medicare Ltd ended the day at Rs429.70, down 0.15 points, or 0.03%, from its previous close of Rs429.85 on the BSE. The scrip opened at Rs430 and has touched a high and low of Rs464.90 and Rs421.05, respectively. So far, 2,02,864 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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