Swan Energy Ltd's Q1FY19 standalone net profit rises 979.15% yoy to Rs33.54cr : Beats Estimates

The company’s standalone revenue stood at Rs604.53cr, up 707.32% yoy and 492.83% qoq.

Aug 10, 2018 03:08 IST India Infoline Research Team

Swan Energy Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 604.53 707.3
EBITDA 37.44 1,293.4
EBITDA Margin (%) 6.19 260
Net Profit (adjusted) 33.54 979.2
***EBITDA margin change is bps

Swan Energy Ltd’s revenue grew by 707% yoy and 493% qoq to Rs604cr. EBITDA stood at Rs37cr vs. Rs3cr yoy and vs. EBITDA loss of Rs7cr qoq. Adjusted Net profit stood at Rs34cr vs. Rs3cr yoy and vs. Rs68cr qoq. Net profit came above our estimate of Rs7cr. 

• Revenue from textile segment grew by 23.1% yoy to Rs92cr, while revenue from construction/other segment grew to Rs515cr vs. Rs7cr yoy.
• Cost of goods sold stood at 92.5% of sales vs. 83% yoy, which resulted in EBITDA growth for the company.
• Employee benefit expenses declined by 0.3% yoy to Rs3cr.
• EBIT of construction/other segment stood at Rs36cr vs Rs8cr yoy.

Technical View:

Swan Energy Ltd ended at Rs. 159.35, down by 0.05 points or 0.03% from its previous closing of Rs. 159.40 on the BSE.
The scrip opened at Rs. 159.90 and touched a high and low of Rs. 162 and Rs. 159.05 respectively. A total of 2,29,443 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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