Q4FY18 Result: Indian Toner & Developers posts weak numbers

Indian Toner & Developers posted weak results across the board with full year revenues also falling over previous corresponding quarter.

The revenue for the quarter declined by 15.4 per cent yoy to Rs. 27 crore in Q4FY18 vs Rs. 32 crore in Q4FY17 for the full year revenue also declined by 4.5 per cent yoy to Rs. 108.9 crore in FY18 vs Rs. 114 crore in FY17.

The EBITDA for the quarter also declined by 3.4 per cent yoy to Rs. 8.02 crore in Q4FY18 vs Rs. 8.3 crore in Q4FY18 and Rs. 6.3 crore in Q3FY18. However, the EBITDA margins grew by 320 bps yoy to 29.2 per cent for Q4FY18

The bottom-line also declined by 19 per cent yoy to Rs. 7 crore in Q4FY18 vs Rs. 9 crore in Q4FY17. This was due to doubling of finance cost to Rs. 14 lakhs vs Rs. 7 lakhs in Q4FY17.On full year basis to bottom-line grew to  24 crore in FY18 vs Rs.23 crore in FY17.

Post the results announcement, the stock was trading 10.17 per cent down at Rs. 216 mark on Friday.