Subros Q2FY19 profit jumps 58 per cent

Subros reported its results for the quarter ended September 30, 2018.

The company's standalone revenue for the quarter came in at Rs. 564.03 crore as against Rs. 497.15 crore in the corresponding quarter last year, registering an increase of 13.5 per cent YoY.
  
The EBITDA for the quarter rose by 8.7 per cent YoY to Rs. 59.31 crore as against Rs.  54.57 crore in the corresponding quarter last year, with a corresponding margin contraction of 46 bps. The EBITDA margin for the quarter stood at 10.5 per cent. The contraction was led by higher staff cost and higher other expenses such as selling & distribution expenses like freight and packaging material.

The PAT for the quarter came in at Rs. 23.81 crore as against Rs. 15.08 crore in the corresponding quarter last year, an increase of 58 per cent YoY.

Subros is engaged in providing automotive air-conditioning parts and accessories of automotive system.

With the announcement of strong quarterly numbers, the stock jumped nearly 8.5 per cent and made an intra-day high of Rs. 280.50.