CCL Products Q4FY18 PAT jumps 32.6 per cent

CCL Products reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 320.88 crore, registering 7.4 per cent yoy increase.

EBITDA for the quarter rose by 10.9 per cent yoy to Rs. 71.17 crore with a corresponding margin expansion of 71 bps. EBITDA margin for the quarter stood at 22.2 per cent. The PAT for the quarter came in at Rs. 47.24 crore, yoy increase of 32.6 per cent.

Looking at the full year numbers, we see that revenue jumped by 16 per cent to reach Rs. 1,138 crore while EBITDA rose by 3 per cent to Rs. 238.9 crore. The company reported net profit of Rs.148.13 crore, up 10 per cent yoy.

The Board of Directors has recommended a final dividend of Rs. 2.50 per equity share of Rs. 2 each.

On Monday, the stock opened at Rs. 317.60 per share and touched an intra-day low of Rs. 296.40 on the BSE.