BCL Industries: Q2FY19 posts strong operational performance

BCL Industries Limited reported its results for the quarter ended September 30, 2018 during market hours on Wednesday. The standalone numbers were largely stable as compared to the same quarter last year.

BCL Industries' standalone revenue from operations for the quarter came in at Rs. 202.4 crore as against Rs. 215.36 crore during the same quarter last fiscal, registering 6 per cent yoy decline. This was primarily driven by volume de-growth in its distillery business which saw 32.63 per cent decline in net sales.
EBITDA for the quarter rose by 36.1 per cent yoy to Rs. 25.28 crore with a corresponding margin expansion of 386 bps. EBITDA margin for the quarter stood at 12.5 per cent. This margin expansion was aided by lower depreciation along with a reduction in other expenses.

The PAT for the quarter came in at Rs. 17.21 crore, yoy increase of 295.6 per cent.

On Wednesday, the stock reacted positively to the results to touch an intraday high of Rs. 136 per share. At 3:05 PM, it traded at Rs. 117.50 per share, up by 0.77 per cent on BSE.