N R Agarwal posts turnaround in Q4FY18

N R Agarwal Industries' standalone revenue for the quarter came in at Rs. 345.44 crore, registering 15.1 per cent yoy increase.

The company's EBITDA for the quarter rose by 38 per cent yoy to Rs. 50.77 crore with a corresponding margin expansion of 245 bps. EBITDA margin for the quarter stood at 14.7 per cent.

Notably, the company has turnaround its bottom-line to Rs. 24.39 crore as against net loss of Rs. 0.40 crore in the corresponding quarter of last year.

In terms of the full year, the revenue for FY18 rose 12 per cent yoy to Rs. 1,226 crore. Also, EBITDA for the period rose 12.3 per cent yoy to Rs. 155 crore. While EBITDA margin remained flat at 12.7 per cent. The company’s net profit jumped 81.5 per cent yoy to Rs. 90 crore.

With response to this robust quarterly numbers, the stock of N R Agarwal opened gap up at Rs. 500 per share as against its previous close of Rs. 473.4. But later it cooled down and at 10.32 hours, the stock was trading at Rs. 485, up by 2.5 per cent.