Q4FY18 Results: Shree Pushkar Chemicals posts mixed numbers

Shree Pushkar Chemicals & Fertilisers Ltd. reported its results for the quarter ended March 31, 2018. The company’s consolidated revenue for the quarter came in at Rs. 120.62 crore, registering 34.9 per cent yoy increase.

EBITDA for the quarter fell by 12.3 per cent yoy to Rs. 12.84 crore with a corresponding margin contraction of 573 bps. EBITDA margin for the quarter stood at 10.6 per cent. This margin contraction was mainly on account of jump in other expenses, employee benefit expenses and cost of materials by 144 per cent, 92 per cent and 40 per cent, respectively.

The PAT for the quarter came in at Rs. 9.37 crore, yoy increase of 15.7 per cent. This was due to a sharp decline in effective tax rate to 5 per cent from 32 per cent in the corresponding quarter last year. Also, decline in interest expenses by 30 per cent aided to the company's bottomline.

Looking at the full year numbers, we see that revenue grew by 29 per cent to reach Rs.397.08 crore while EBITDA rose by 16 per cent to Rs. 62.875 crore. The company reported net profit of Rs. 36.55 crore, up 21 per cent yoy.

Shree Pushkar Chemicals & Fertilisers is engaged in the business of manufacturing and trading of chemicals, dyes and dyes intermediate, cattle feeds, fertilisers and soil conditioner.

On Tuesday, the stock opened at Rs. 214.90 and made an intraday low of Rs. 207.30 on the BSE. At 11:51, the stock was trading at around Rs. 209.15 on the BSE.