Divis Labs posts mixed quarterly results

 Divis Laboratories posted stable quarterly results for Q4FY18 with steady revenue growth and marginal bottom-line increase.

The total revenue for the quarter rose by 2 per cent yoy to Rs. 1,088 crore in Q4FY18 vs Rs. 1,067 crore in Q4FY17 and Rs. 1,038 crore in Q3FY18.

The EBITDA for the quarter rose by 6.9 per cent yoy to Rs. 387 crore in Q4Y18 vs Rs. 362 crore in Q4FY17. This was largely due to strong increase in raw material cost to Rs. 480 crore in Q4FY18.The EBITDA margins for the quarter expanded by 160 bps to 35.5 per cent in Q4FY18 vs 33.9 per cent in previous year corresponding quarter.

The net profit for the quarter rose by marginally by 0.7 per cent to Rs. 261 crore in Q4FY18 vs Rs. 259 crore in Q4FY17.

For the full year revenue declined by 5.6 per cent yoy to Rs. 3,837 crore. The EBITDA also declined by 13.1 per cent qoq with margin contraction of 280 bps. The net profit for the full year declined by 17.4 per cent