Shilpa Medicare Ltd's Q4FY18 consolidated net profit declines 17.92% yoy to Rs30.64cr : Misses Estimates

The company’s consolidated revenue stood at Rs234.46cr, up 5.81% yoy and 26.37% qoq.

May 29, 2018 07:05 IST India Infoline Research Team

Shilpa Medicare Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 234.46 5.8
EBITDA 47.46 [16.1]
EBITDA Margin (%) 20.2 [529]
Net Profit (adjusted) 30.64 [17.9]
***EBITDA margin change is bps
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Buy

Reco. Price

440.5

Last updated on

17-May-2018

Shilpa Medicare’s revenue grew 5.8% yoy to Rs234.5cr in Q4FY18 vs. Rs221.6cr in Q4FY17. EBITDA declined 16.1% yoy to Rs47.5cr in Q4FY18 vs. Rs56.6cr in Q4FY17. EBITDA margins were at 20.2% in Q4FY18 vs. 14.6% in Q3FY18 and 25.5% in Q4FY17. Net profit after tax declined 17.9% yoy to Rs30.6cr in Q4FY18 vs. Rs37.3cr in Q4FY17.
  • Material cost grew 16.5% yoy while employee cost grew by 9.8% yoy, which primarily led to decline in the EBITDA margins.
  • Tax rate during the quarter was at 24.1% vs. 23.7% in Q4FY17 and 23.9% in Q3FY18.
  • Depreciation increased by 34.7% yoy to Rs10.8cr in Q4FY18.

Technical View:

Shilpa Medicare Ltd is currently trading at Rs. 429, down by 6 points or 1.38% from its previous closing of Rs. 435 on the BSE.
The scrip opened at Rs. 435 and has touched a high and low of Rs. 440 and Rs. 427 respectively. So far 15,989 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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