Gravita posts remarkable results in Q4FY18

Gravita India reported strong results for the quarter with robust revenue growth and strong operational performance.

The total revenue increased to Rs. 362.44 crore from Rs. 212.65 crore in Q4FY 17, up 70.44 per cent yoy.

EBITDA for the quarter rose by 41.2 per cent yoy to Rs. 24.99 crore in Q4FY18 vs Rs. 19.2 crore in Q4FY17. The company's EBITDA margin for the quarter declined by almost 200 bps.

The bottom-line for the quarter grew by 18.9 per cent yoy to Rs. 11 crore in Q4FY18.

For the full year, revenue grew by 49.6 per cent to Rs. 1,029.4 crore in FY18 vs Rs. 688 crore in FY17. The EBITDA for the FY18 grew by 60.19 per cent yoy to Rs. 88.6 crore vs Rs. 55.3 crore in FY17. Lastly, the net profit for the FY18 stood at Rs. 45 crore up by 18.9 per cent yoy.

The stock is currently trading at Rs. 168 per share, marginally down by 0.27 per cent on Tuesday.