Q3FY18 Results: Suditi posts subdued QoQ performance

Suditi Industries posted mixed numbers on Q3FY18 as the company showed growth over the previous year corresponding quarter and declined over previous quarter.

Total revenue for the quarter grew by 52 per cent yoy and declined 1.2 per cent qoq to Rs. 23 crore in Q3FY18 as against Rs. 15 crore in previous year corresponding quarter and 15.2 crore in previous quarter.

The EBITDA for the quarter grew by 37 per cent and 27 per cent qoq to Rs. 2.2 crore in Q3FY18 as compared to Rs. 1.6 crore in Q3FY17 and Rs. 3 crore in previous quarter. This was largely due to 53 per cent qoq to Rs. 13 crore in Q3FY18 as compared to Rs. 8.5 crore in previous quarter. The margins for the quarter contracted 110 bps over previous year corresponding quarter and 350 bps over previous quarter to 9.8 per cent for Q3FY18.