Eveready Industries Q4FY18 bottomline turns negative

Eveready Industries reported its results for the quarter ended March 31, 2018. The company’s standalone revenue for the quarter came in at Rs. 349.75 crore, registering 10.2 per cent yoy increase.

Operating loss for the quarter came in at Rs. 3.87 crore vs operating profit of Rs. 17.67 crore in the corresponding quarter last year. The reported loss for the quarter came in at Rs. 16.12 crore vs net profit of Rs. 10.46 crore in the corresponding quarter last year.

Looking at the full year numbers, we see that revenue jumped by 4 per cent to reach Rs.1,475.23 crore while EBITDA fell by 21 per cent to Rs. 105.36 crore. The company reported net profit of Rs. 54.74 crore, down 42 per cent yoy.

Eveready is the country's market leader in batteries and flashlights segment, selling more than 1.2 billion batteries and nearly 25 million flashlights. Apart from these, Eveready offers a basket of other products- LED, LED-based Luminaires, GLS lamps & other lighting products, packet tea and appliances.

The company's board of directors has recommended a final dividend of Rs. 1.50 per equity share of the face value of Rs 5 each.

On Wednesday, the stock opened at Rs. 250 per share and made an intraday high and low of Rs. 251.50 and Rs. 225, respectively, on the BSE. At 12:17, the stock was trading around at Rs. 249.05 on the BSE.