Sudarshan Chemical Industries Ltd's Q3FY19 standalone net profit declines 25.53% yoy to Rs14.28cr : Misses Estimates

The company’s standalone revenue stood at Rs347.70cr, up 7.13% yoy but down 7.8% qoq.

Feb 08, 2019 03:02 IST India Infoline Research Team

Sudarshan Chemical Industries Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 347.70 7.1
EBITDA 36.66 [28.7]
EBITDA Margin (%) 10.5 [529]
Net Profit (adjusted) 14.28 [25.5]
***EBITDA margin change is bps
Sudarshan Chemical Industries Ltd's revenue for Q3FY19 came in at ~Rs347.7cr, up 7.1% yoy. The operating profit for Q3FY19 declined by 28.7% yoy to Rs36.66cr. The EBITDA margin declined by ~529bps yoy to 10.5% in Q3FY19. Adjusted net profit (excluding discontinuing operation) for the quarter stood at Rs14.28cr, down 25.5% yoy. The revenue, EBITDA and net profit missed the consensus estimate of Rs381cr, Rs50cr and Rs27cr by 9%, 27% and 47% respectively.

Technical View:

Sudarshan Chemical Industries Ltd is currently trading at Rs. 301.95, down by 11.65 points or 3.71% from its previous closing of Rs. 313.60 on the BSE.
The scrip opened at Rs. 311.75 and has touched a high and low of Rs. 311.75 and Rs. 300.30 respectively. So far 43,108 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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