Swelect Energy Systems posts stellar performance in Q3FY18
Swelect Energy Systems standalone revenue for the quarter came in at Rs. 42.84 crore, registering an increase of 51.6 per cent YoY.
The company's EBITDA for the quarter jumped to Rs 4.7 crore with a corresponding margin expansion of 937 bps. Its EBITDA margin for the quarter stood at 10.9 per cent. This margin expansion was aided by the lower cost of materials consumed in proportion to sales (79 per cent in Q3FY18 vs 91.6 per cent in Q3FY17). Also, the significant drop in purchase of stock-in-trade (Rs. 0.23 crore vs Rs. 9.9 crore in Q3FY17) added in margin expansion.
The PAT for the quarter came in at Rs 6.65 crore, an increase of 38.8 per cent YoY.
Swelect Energy Systems Limited is engaged in the business of manufacturing and trading of solar power projects, solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of solar photovoltaic inverters and energy efficient lighting systems. The company has three segments: contract manufacturing-UPS systems, solar energy systems/services and others.