Suprajit Engineering Limited (SEL) missed consensus estimates on all three fronts – revenue, EBITDA and PAT. Consolidated revenue was up ~12% yoy (down 11% qoq) at Rs362cr, lower than consensus estimate of Rs378cr. Consolidated EBITDA was ~21% yoy higher (25% qoq lower) at Rs55cr, while EBITDA margin expanded 107bps yoy (contracted 275bps qoq) to 15.3%. EBITDA and EBITDA margin missed consensus estimate of Rs63cr and 16.6% respectively. SEL reported PAT of ~Rs29cr in Q1FY19, up 27% yoy (49% qoq lower). PAT also missed consensus estimate of Rs36cr.
Tax rate during Q1FY19 was 33.4% against 36.5% in Q1FY18 and 13.2% in Q4FY18.
Standalone revenue in Q1FY19 was up 12% yoy (down 9% qoq) at Rs236cr. EBITDA was 25% yoy higher (11% qoq lower) at Rs42cr, while EBITDA margin expanded 189bps yoy (contracted 48bps qoq) to 17.7%. SEL reported PAT of Rs26cr in Q1FY19, implying growth of 19% yoy (de-growth of 12% qoq).
Suprajit Engineering Ltd is currently trading at Rs. 261.95, up by 7.45 points or 2.93% from its previous closing of Rs. 254.50 on the BSE.
The scrip opened at Rs. 255.95 and has touched a high and low of Rs. 262 and Rs. 253.05 respectively. So far 36,454 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
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