Q4FY18 Result: Rane Madras PAT jumps 2.3 times
The company’s standalone revenue for the quarter came in at Rs. 347.99 crore, registering 17.8 per cent yoy increase.
EBITDA for the quarter rose by 52.4 per cent yoy to Rs. 41.65 crore with a corresponding margin expansion of 272 bps. EBITDA margin for the quarter stood at 12 per cent.
The PAT for the quarter came in at Rs. 16.47 crore, yoy increase of 135.6 per cent.
Looking at the full year numbers, we see that revenue jumped by 14 per cent to reach Rs. 1,237.3 crore while EBITDA rose by 39 per cent to 133.84 crore. Company reported net profit of Rs.41.82 crore, up 102 per cent yoy.
The Board has recommended a dividend of Rs. 7.5 per share for each equity share of face value Rs. 10.
During FY18, the company’s Die Casting business improved despite marginal decline in revenue because of lower offtake by international customers.
ln the lndian market, the Steering and Linkages business registered good growth across vehicle segments and Die Casting business delivered robust performance.
On Monday, the stock opened at Rs. 1,001.55 and hit 52-week high of Rs. 1,050 per share, on the BSE.