Kriti Industries surges on posting strong Q1FY19 results
Kriti Industries reported tepid growth in top line with strong operational performances.
The total revenue for the quarter rose by 4.4 per cent yoy to Rs. 170 crore in Q1FY19 vs Rs. 163 crore in Q1FY18 and Rs. 96 crore in the previous quarter.
The EBITDA for the quarter rose by 50 per cent yoy and 61 per cent qoq to Rs. 12 crore in Q1FY19 vs Rs. 8 crore in Q1FY18. The EBITDA margins for the quarter expanded by 220 bps to 7.2 per cent in Q1FY19 vs 5 per cent in Q1FY18. This was largely due to favourable inventory adjustments.
The bottom-line for the quarter rose by 64 per cent yoy to Rs. 5 crore vs Rs. 3 crore in the previous year's corresponding quarter.
Meanwhile, the stock of Kriti Industries jumped 12 per cent post results and closed at Rs. 47.60 per share, up by 11.21 per cent.