Subros spikes as net profit doubles
Subros reported strong quarter for Q4FY18 with operational profit and net profit recording strong growth compared to previous year.
The revenue for the quarter grew by 17.7 per cent yoy to Rs. 552 crore in Q4FY18 vs Rs. 469 crore in Q4FY17 and Rs. 449 crore in Q3FY18.
The EBITDA for the quarter rose by 22.8 per cent yoy to Rs. 64 crore in Q4FY18 vs Rs. 52 crore in Q4FY17. The margins for the quarter expanded by 50 bps to 11.5 per cent vs 11.1 per cent in Q4FY17.
The bottom-line for the quarter rose by 104 per cent yoy to Rs. 19 crore in Q4FY18 vs Rs. 9 crore in Q4FY17.
For the full-year, revenue grew by 13 per cent yoy and EBITDA also grew by 25.3 per cent with EBITDA margin of 10.7 per cent. Lastly, net profit grew by 355 per cent.
The stock is trading at Rs. 330 per share, up by 9.3 per cent on Monday