Kingfa Science and Technology Q4FY18 profit soars 74 per cent

Kingfa Science & Technology (India) Ltd. reported its results for the quarter ended March 31, 2018. The company’s standalone revenue for the quarter came in at Rs. 171.76 crore, registering 30.9 per cent yoy increase.

EBITDA for the quarter rose by 193.3 per cent yoy to Rs. 11.91 crore with a corresponding margin expansion of 384 bps. EBITDA margin for the quarter stood at 6.9 per cent.

The PAT for the quarter came in at Rs. 7.85 crore, yoy increase of 74.1 per cent. This was partly due to sharp decline in interest expenses by 57.9 per cent yoy.

Looking at the full year numbers, we see that revenue jumped by 28 per cent to reach Rs. 617.83 crore while EBITDA rose by 113 per cent to Rs. 41.19 crore. The company reported net profit of Rs. 24.64 crore, up 99 per cent yoy.

Kingfa Science & Technology is a leading manufacturer and supplier of high quality reinforced polypropylene compounds, thermoplastics elastomers and fibre reinforced composites. The company is a subsidiary of Chinese company which reported a massive growth of 65 per cent CAGR over the past two decades.

On Monday, the stock opened at Rs. 1,120 per share and touched an intraday high of Rs. 1,134.90, jumped by 2 per cent cheering the news. The stock finally closed at Rs. 1,130 on the BSE.