Siyaram Silk Mills Ltd's Q4FY18 standalone net profit rises 19.19% yoy to Rs52.11cr

The company’s standalone revenue stood at Rs595.91cr, up 12.59% yoy and 51.4% qoq.

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

Siyaram Silk Mills Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 595.91 12.6
EBITDA 97.97 34.9
EBITDA Margin (%) 16.44 272
Net Profit (adjusted) 52.11 19.2
***EBITDA margin change is bps


Reco. Price


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Siyaram Silk Mills Ltd’s revenue grew by 12.6% yoy and 51.4% qoq to Rs595.9cr. EBITDA came in at Rs97.9cr, up 34.9% yoy and 94.5% qoq. EBITDA margin expanded by 272bps yoy and 364bps qoq to 16.44%. Adjusted PAT grew by 19.2% yoy and 132.3% qoq to Rs52.1cr. 

• Cost of goods sold stood at 50.3% of sales vs. 50.4% yoy.
• Processing and labour charges stood at 8.1% of sales vs. 8.5% yoy, leading to EBITDA margin expansion.
• Other expenses stood at 16.5% of sales vs. 19% yoy, which led to profitability growth.
• Finance cost grew by 152.8% yoy to Rs12.2cr.

Technical View:

Siyaram Silk Mills Ltd is currently trading at Rs. 630.50, up by 3.7 points or 0.59% from its previous closing of Rs. 626.80 on the BSE.
The scrip opened at Rs. 630 and has touched a high and low of Rs. 645 and Rs. 630 respectively. So far 5,343 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

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