Indian Hume Pipe reports subdued numbers for FY18
Indian Hume Pipe posted subdued results compared to the previous year.
The total revenue for the quarter declined by 19.1 per cent yoy and rose 12.1 per cent qoq to Rs. 400 crore in Q4FY18 vs Rs.495 crore in previous year same quarter and Rs. 357 crore in Q3FY18.
The EBITDA for the quarter also declined by 25.5 per cent yoy and rose by 29.6 per cent qoq to Rs. 47 crore in Q4FY18 vs Rs. 63 crore in Q4FY17 and Rs.36 crore in Q3FY18. While EBITDA margin saw 100 bps margin contraction over previous year and 160 bps expansion over the previous quarter to 11.7 per cent for Q4FY18.
The net profit for the quarter declined by 33 per cent yoy and rose 58 per cent qoq to Rs. 23 crore in Q4FY18 vs Rs. 35 crore in Q4FY17 and Rs. 15 crore in Q3FY18.
For the full year ended the revenue declined by 14.4 per cent yoy to Rs. 1,551 crore. The EBITDA grew by 25 per cent yoy and net profit for the FY18 also declined by 33.7 per cent yoy.
On Thursday, the stock was trading 3.7 per cent down at Rs.281 per share.