PIX Transmissions soars 20 per cent on remarkable Q4 numbers

PIX Transmissions reported its results for the quarter ended March 31, 2018. The company’s standalone revenue for the quarter came in at Rs. 79.82 crore, registering 35.9 per cent yoy increase.

EBITDA for the quarter rose by 66.4 per cent yoy to Rs. 17.99 crore with a corresponding margin expansion of 413 bps. EBITDA margin for the quarter stood at 22.5 per cent.

The PAT for the quarter came in at Rs. 10.27 crore, yoy increase of 174.6 per cent. This was due to jump in other income to Rs. 3.64 crore in Q4FY18 vs Rs. 1.50 crore in Q4FY17.

Looking at the full year numbers, we see that revenue jumped by 7 per cent to reach Rs. 250.88 crore while EBITDA rose by 23 per cent to Rs. 53.33 crore. The company reported net profit of Rs. 21.47 crore, up 44 per cent yoy.

The company's board of directors has recommended a final dividend of Rs. 2.5 per equity share of the face value of Rs. 10 each.

Pix Transmissions Limited is engaged in the business of industrial rubber products. The company's principal activity includes manufacturing of V-Belts. The company manufactures belts and related mechanical transmissions products.

On Monday, the stock opened at Rs. 138.10 per share, up significantly by 20 per cent from its previous close of Rs. 115.10 on the BSE.