Nile Limited posts weakest quarter

Nile reported weak numbers for Q4FY18 with declining margins due to higher raw materials costs.

Total revenue for the quarter rose by 15 per cent yoy to Rs. 166.4 crore in Q4FY18 vs Rs. 145 crore in Q4FY17. As compared to the previous quarter, the company's revenue declined by 17.8 per cent qoq.

The EBITDA for the quarter rose by 56 per cent yoy to Rs. 9 crore vs Rs. 20 crore in Q4FY17 and Rs. 44.9 per cent qoq decline. The EBITDA margins for the quarter declined by 840 bps to 5.2 per cent in Q4FY18 vs 13.8 per cent in Q4FY17 and 7.8 per cent in Q3FY18. This was largely due to higher raw material costs, where the prices hiked by 24 per cent yoy.

The net profit for the quarter also declined by 64 per cent yoy and 51 per cent qoq to Rs. 4 crore and Rs. 11 crore in Q4FY17 and Rs. 8 crore.On full year basis, the revenue for the quarter rose by 63 per cent yoy to Rs. 1,039 crore and Rs. 639 crore in FY17. While the EBITDA declined by 11.8 per cent yoy and margin stood at 4.4 per cent vs 8.1 per cent. The bottom-line rose by 19 per cent yoy to Rs. 237 crore and Rs. 199 crore in FY17.

On Monday, the stock tanked to its lower circuit limit and closed at Rs. 661.15 per share, down by 19.97 per cent.