Aditya Birla Fashion jumps 10 per cent on stellar Q4FY18 performance

Aditya Birla Fashion and Retail reported its results for the quarter ended March 31, 2018.

The company’s standalone revenue for the quarter came in at Rs. 1,753.59 crore, registering 7.9 per cent yoy increase. This was primarily driven by a jump in revenue from Madura Fashion & Lifestyle and Pantaloons by 11.1 per cent yoy and 9.5 per cent yoy, respectively.

EBITDA for the quarter rose by 43.2 per cent yoy to Rs. 163.25 crore with a corresponding margin expansion of 230 bps. EBITDA margin for the quarter stood at 9.3 per cent.

The PAT for the quarter came in at Rs. 113.12 crore, yoy increase of 418.2 per cent. This profit includes Rs. 69 crore of deferred tax asset recognized.

Looking at the full year numbers, we see that revenue jumped by 8 per cent to reach Rs. 7,181.41 crore, while EBITDA rose by 7 per cent to Rs. 468.28 crore. The company reported a net profit of Rs. 117.79 crore, up 120 per cent yoy.

On Friday, the stock opened at Rs. 145.05 and made an intraday high of Rs. 159.30, cheering the news. Finally, the stock closed at Rs. 150.95, on the BSE.