India Cements reports muted Q4FY18 numbers

India Cements standalone revenue for the quarter came in at Rs. 1,397.81 crore, registering 8.2 per cent yoy decline.

EBITDA for the quarter fell by 16.5 per cent yoy to Rs. 158.54 crore with a corresponding margin contraction of 113 bps. EBITDA margin for the quarter stood at 11.3 per cent. This margin contraction was led by higher input cost in proportion to sales.

The PAT for the quarter came in at Rs. 35.27 crore, yoy increase of 2.9 per cent. This was due to tax credit in the Q4FY18. Also, jump in other income to Rs. 3.92 crore as against Rs. 1.71 crore in the corresponding quarter of last year aided in stable net profit.

In terms of full year 2017-18, the revenue for full year grow 7.6 per cent yoy to Rs. 5341 crore. EBITDA for the period slipped almost 20 per cent yoy to Rs. 693 crore with corresponding margin contraction of 190 bps. EBITDA margin for the year stood at 13 per cent. Also, net profit for the year tanked by almost 42 per cent yoy to Rs. 101 crore.

The company's board of directors have recommended a dividend of Re .0.80 per equity share of FV Rs. 10 each for FY18, this subject approval from the shareholders.

However, the stock of Indian cement spikes almost 7 per cent after reporting this numbers. The stock touched intraday high of Rs. 133.9 and at 14.48 hours the stock was trading at 131.1 per share, up by 5.1 per cent from previous close.