Srikalahasthi Pipes revenue rises 30 per cent yoy in Q3FY18

Srikalahasthi Pipes standalone revenue for the quarter came in at Rs. 385.94 crore, registering 29.7 per cent yoy increase.

EBITDA for the quarter fell by 15.7 per cent yoy to Rs. 59.45 crore with a corresponding margin contraction of 829 bps. EBITDA margin for the quarter stood at 15.4 per cent. This margin contraction was led by purchase of stock in trade of Rs. 52.02 crore in the quarter. This cost was not there in Q3FY17.

The PAT for the quarter came in at Rs. 39.46 crore, yoy decline of 1.6 per cent. The company witnessed significant jump in other income to Rs. 12.54 crore from Rs. 3.56 crore in corresponding quarter of last year.

Furthermore, the company’s expansion project of coke oven plant and captive power plant is in advanced stage of completion and will be commissioned in Q1FY19.