Sundaram Clayton Ltd's standalone net profit of Rs7cr in Q1FY19, vs. net loss of Rs4cr in Q1FY18

The company’s standalone revenue stood at Rs469cr, up 26% yoy and 3% qoq.

Aug 08, 2018 09:08 IST India Infoline Research Team

Sundaram Clayton Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 468.72 25.6
EBITDA 36.47 98.6
EBITDA Margin (%) 7.8 286
Net Profit (adjusted) 7.02 NA
***EBITDA margin change is bps

Standalone revenue for Sundaram-Clayton Limited (SCL) was up 26% yoy (3% qoq) at Rs469cr in Q1FY19. Revenue over past four quarters has grown between 20-25% yoy due to low base of corresponding quarters. Standalone EBITDA nearly doubled yoy (down 6% qoq) to Rs36cr, while EBITDA margin expanded 286bps yoy to 7.8%. SCL reported net profit of Rs7cr in Q1FY19 against net loss of Rs4cr in Q1FY18.
Other Highlights
  • We want to draw investors’ attention towards the fact that standalone revenues contribute only 9% to Sundaram-Clayton’s (SCL) consolidated revenues (as per FY18 data). Hence, looking at just the standalone numbers does not at all reveal the true picture of its performance. The company declares only standalone financials in its quarterly result announcement. Consolidated numbers are declared only for annual performance.

Technical View:

Sundaram Clayton Ltd is currently trading at Rs. 3,990, up by 20 points or 0.5% from its previous closing of Rs. 3,970 on the BSE.
The scrip opened at Rs. 3,969.95 and has touched a high and low of Rs. 4,180 and Rs. 3,907 respectively. So far 4,607 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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