KRBL reports weak results for Q4FY18

KRBL reported negative growth in the top and bottom-line for Q4FY18. However, the company improved its operational performance for the quarter.

Total revenue for the quarter declined by 4 per cent yoy and rose by 11.9 per cent qoq to Rs. 876 crore in Q4FY18 vs Rs. 783 crore in Q3FY18 and Rs. 913 crore in Q4FY17. This was largely due to dip in agri business revenues over the previous year's same period. 

The EBITDA for the quarter rose by 17 per cent yoy and 13.5 per cent qoq to Rs. 206 crore in Q4FY18 vs Rs.175 crore in the previous year's corresponding quarter. The EBITDA margins for the quarter also improved strongly by 420 bps to 23.5 per cent in Q4FY18 vs 19.2 per cent in Q4FY17.

The bottom-line for the quarter declined by 12.9 per cent yoy to Rs. 95 crore vs Rs. 109 crore in Q4FY17 and Rs. 123 crore in Q3FY18. This was largely aided by substantial jump in finance costs to Rs. 31.5 crore vs Rs. 1 crore in Q4FY17.

On a full year basis, the revenue grew by 63.4 per cent yoy, while EBITDA also grew by 19.8 per cent yoy. The margins remain contracted at 67.5 per cent. While the bottom-line grew marginally by 8.8 per cent yoy to Rs. 434 crore.

Meanwhile, on Thursday, the stock closed down by 7.97 per cent at Rs. 502.8 per share.