Visaka Industries reports strong PAT growth
Visaka Industries consolidated revenue for Q4FY18 came in at Rs. 259.6 crore, registering 7.3 per cent yoy decline.
EBITDA for the quarter remained flat at Rs. 35.68 crore with a corresponding margin expansion of 97 bps. EBITDA margin for the quarter stood at 13.7 per cent.
The PAT for the quarter came in at Rs. 15.19 crore, yoy increase of 45.9 per cent. This was due to lower effective tax rate.
Looking at full year performance, the company’s revenue for FY18 remained flat at Rs. 1,043 crore. But EBITDA during the year rose 28 per cent yoy to Rs. 150 crore with corresponding margin expansion of 330 bps. Company’s PAT for the year jump to Rs. 67 crore from Rs. 43 crore in FY17.
The board of directors have recommended a dividend of Rs.7 per share on equity share of Rs.10 each subject to the approval of shareholders.