Q3FY19 earnings reaction: SpiceJet down; PI Industries, Triveni Turbine up

SpiceJet’s net profit plummeted 77.1% yoy to Rs55.07cr in Q3FY19 vs. Rs240cr in Q3FY18.

Feb 12, 2019 05:02 IST India Infoline News Service

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Shares of SpiceJet declined 2%, while those of PI Industries and Triveni Turbine spurted 8% and 1% respectively in Tuesday’s morning trade post their respective earnings numbers for the third quarter of FY19.

SpiceJet’s net profit plummeted 77.1% yoy to Rs55.07cr in Q3FY19 vs. Rs240cr in Q3FY18. However, the street was expecting the company to report a net loss of Rs0.58cr for the current quarter.

SpiceJet Ltd's share price is currently at Rs78.20, down by Rs2.1 or 2.62%, from its previous close of Rs80.30 on the BSE. The scrip opened at Rs78.75 and has touched a high and low of Rs78.90 and Rs77.10, respectively. So far, 8,33,895 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs4,813.58cr.

PI Industries’ shares climbed as the company’s revenue, EBITDA, and net profit in Q3FY19 beats the estimate of Rs635cr, Rs131cr, and Rs91cr by 11%, 13%, and 18%, respectively. PI Industries Ltd's share price is currently at Rs895.50, up by Rs56.4 or 6.72%, from its previous close of Rs839.10 on the BSE. The scrip opened at Rs851 and has touched a high and low of Rs913.70 and Rs850, respectively. So far 4,60,491 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs11,582.15cr.

Triveni Turbines Ltd reported steady revenue and earnings growth for Q3FY19, in spite of higher raw material costs. Revenue grew by 27.6% yoy to Rs211cr. EBITDA stood at Rs36cr, up 8.1% yoy. EBIDTA margins for the quarter fell by 307bps yoy to 17%. Net Profit stood at Rs23cr for Q3FY19, up 17.6% yoy.

Triveni Turbine Ltd's share price is currently at Rs101.25, up by Rs1.45 or 1.45%, from its previous close of Rs99.80 on the BSE. The scrip opened at Rs102.15 and has touched a high and low of Rs102.95 and Rs100.15, respectively. So far 8,305 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs3,226.59cr.

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