Aeris Agro posts poor margins for the quarter

Rohan Takalkar
/ Categories: Trending, Quarterly Results, Markets

Aeris Agro posted mix performance for Q3FY18. The revenue for the quarter rose but margins over the quarter declined substantially.

The total revenue for the quarter increased by 32 per cent yoy and 13.2 per cent qoq to Rs. 118 crore in Q3FY18 compared to Rs. 89 crore in previous year corresponding quarter and Rs. 104.4 crore in previous quarter.

The margins for the quarter contracted substantially due to double raw material expenses for the quarter to Rs. 30 crore in Q3FY18. The EBITDA margins stood at 30.8 per cent for the quarter compared to 35 per cent in previous year corresponding quarter and 32.7 per cent in previous quarter. The EBITDA for the quarter rose by 16.9 per cent yoy and 6.5 per cent qoq to Rs. 36 crore in Q3FY18.

The bottom-line showed subdued performance over the quarter to Rs. 4 crore in Q3FY18 compared to Rs. 2 crore in Q3FY17 and Rs. 8 crore in previous quarter.

On Monday, the stock closed up by 5 per cent to Rs. 225 per share.

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