Estimates for Q3FY19E
• Revenue – Rs4,739cr, up 13% yoy, backed by strong volumes in Latin American market. However, Brazilian Real depreciation vs. INR to partially drag down LatAm growth. Rupee depreciation vs. EUR and USD should lead to further benefit in the top-line.
• EBITDA – Rs970cr, up 17% yoy, on account of higher volumes offsetting the pricing pressure of the products across locations and forex gain on rupee depreciation on exports and foreign subsidiaries in North America and Europe.
• Net profit after tax – Rs536cr, down 8% yoy, led by normalization of effective tax rate in the current period vs. tax benefits in the previous corresponding period. Constant currency growth across markets would support the net profit during the quarter.
Q2FY19 performance highlights
• Revenue – Rs4,257cr, up 12.9% yoy, on account of higher volumes (8%) in all regions and positive foreign currency movement of 2% yoy. Blended realizations improved by 4% yoy.
• EBITDA – Rs839cr, up 16.7% yoy, on positive impact of operating leverage.
• Net profit after tax – Rs327cr, up 22% yoy despite higher forex losses under the finance cost and increase in effective tax rate during the quarter.
• Revenue – Rs4,739cr, up 13% yoy, backed by strong volumes in Latin American market. However, Brazilian Real depreciation vs. INR to partially drag down LatAm growth. Rupee depreciation vs. EUR and USD should lead to further benefit in the top-line.
• EBITDA – Rs970cr, up 17% yoy, on account of higher volumes offsetting the pricing pressure of the products across locations and forex gain on rupee depreciation on exports and foreign subsidiaries in North America and Europe.
• Net profit after tax – Rs536cr, down 8% yoy, led by normalization of effective tax rate in the current period vs. tax benefits in the previous corresponding period. Constant currency growth across markets would support the net profit during the quarter.
Q2FY19 performance highlights
• Revenue – Rs4,257cr, up 12.9% yoy, on account of higher volumes (8%) in all regions and positive foreign currency movement of 2% yoy. Blended realizations improved by 4% yoy.
• EBITDA – Rs839cr, up 16.7% yoy, on positive impact of operating leverage.
• Net profit after tax – Rs327cr, up 22% yoy despite higher forex losses under the finance cost and increase in effective tax rate during the quarter.
No comments:
Post a Comment