Jyothy Laboratories slumps 5% post Q3FY19 numbers

The company's EBITDA for the quarter was up 5.2% yoy to Rs71.8cr (6.5% below estimates).

Jan 24, 2019 08:01 IST India Infoline News Service

Shares of Jyothy Laboratories were trading 5% down on Thursday after the company reported a mixed set of numbers for Q3FY19. The company's EBITDA was marginally below the consensus estimates, however, PAT came in line with estimates.

Jyothy Labs' revenue grew 6.3% yoy to Rs434.3cr, ~5% below the estimates. EBITDA for the quarter was up 5.2% yoy to Rs71.8cr (6.5% below estimates). Further, on the EBIT margin front, both dishwashing and fabric care segments reported a contraction of 232bps and 143bps to 12.9% and 19.0%, respectively.

On the positive side, personal care reported a 438bps expansion in EBIT margin to 21.7%. Household Insecticide (HI) reported a loss of Rs0.5cr at the EBIT level.

Jyothy Laboratories Ltd share price is currently at Rs182.95, down Rs9.8, or 5.08%, from its previous close of Rs192.75 on the BSE.

The scrip opened at Rs194 and has touched a high and low of Rs194 and Rs181, respectively. So far, 4,81,701 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs7,077.95cr.

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