Swelect Energy Systems Q4FY18 net profit tanks 55 per cent

Swelect Energy Systems standalone revenue for the quarter came in at Rs. 45.98 crore, registering 41.6 per cent yoy decline.

EBITDA for the quarter fell by 54.8 per cent yoy to Rs. 4.12 crore with a margin contraction of 262 bps compared to corresponding quarter. EBITDA margin for the quarter stood at 9 per cent. This margin contraction was led mainly by sharp increase in input cost in proportion to sales (82 per cent in Q4FY18 vs 41 per cent in Q4FY17).

The PAT for the quarter came in at Rs. 5.88 crore, yoy decline of 54.7 per cent.

In terms of full year numbers, revenue for FY18 rose slightly by 2.2 per cent yoy to Rs. 174 crore. However, EBITDA for the period surge by 38.4 per cent yoy to Rs. 12 crore with corresponding margin contraction of 180 bps to 6.9 per cent. In contrast to EBITDA, net profit slipped by almost 20 per cent yoy to Rs. 23 crore.