Swan Energy Ltd's Q2FY19 standalone net profit declines 8% yoy to Rs1cr

The company’s standalone revenue stood at Rs84cr, up 99.5% yoy but down 86.1% qoq.

Nov 15, 2018 08:11 IST India Infoline Research Team

Swan Energy Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 84.05 99.5
EBITDA 0.64 [81.9]
EBITDA Margin (%) 0.8 [762]
Net Profit (adjusted) 1.30 [8.0]
***EBITDA margin change is bps

Swan Energy Ltd’s revenue grew by 99.5% yoy and declined 86.1% qoq to Rs84cr. EBITDA stood at Rs1cr vs. Rs4cr yoy and Rs37cr qoq. Adjusted Net profit remaid flat yoy at Rs1cr yoy.

• Revenue from textile segment grew by 99.7% yoy to Rs84cr. While revenue from construction/others segment grew to Rs7cr vs. Rs5cr yoy.
• Cost of goods sold stood at 90.4% of sales vs. 74.4% yoy, which resulted in EBITDA margin contraction for the company.
• Employee benefit expenses grew by 2.2% yoy to Rs3cr.
• EBIT of construction/other segment stood at Rs4cr vs. Rs3cr yoy.
• EBIT for textile segment stood at Rs2cr vs. Rs4cr yoy.
• Finance cost declined by 25.4% yoy to Rs5cr.

Technical View:

Swan Energy Ltd ended at Rs. 103, up by 1 points or 0.98% from its previous closing of Rs. 102 on the BSE.
The scrip opened at Rs. 105 and touched a high and low of Rs. 105 and Rs. 100.05 respectively. A total of 2,04,403 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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