Indocount Industries posts subdued performance

The company posted subdued performance for Q4FY18, with decline in revenue for the quarter and also decline in profits. 

The total revenue for the quarter declined by 13 per cent YoY to Rs 406 crore in Q4FY18 as against Rs 467 crore in Q4FY17 and Rs 451 crore in Q3FY18. 

The EBITDA for the quarter also declined by 5.1 per cent to Rs 42 crore in Q4FY18 vs Rs.45 crore in Q4FY17 and Rs.60 in Q3FY18. The margins for the quarter rose by 0.9 bps to 10.4 per cent in Q4FY18 vs 9.6 per cent in Q4FY17. 

The net profit for the quarter also declined by 45 per cent YoY and 26.6 per cent QoQ to Rs.27 crore in Q4FY18 vs Rs.49 crore in Q4FY17 and Rs.36 crore in Q3FY18. 

On a full year basis, the revenue declined by 13.7 per cent YoY and EBITDA for the quarter also declined by 46 per cent YoY. Lastly the bottom-line declined by 46 per cent yoy