Q1FY19 Result: Sanwaria Consumer posts stellar bottomline numbers
Sanwaria Consumer Limited's standalone revenue for the first quarter of fiscal year 2019 has marginally increased by 4 per cent to Rs. 1,200.14 crore on YoY basis. EBITDA for the quarter has increased by 45.8 per cent to Rs. 60.15 crore as compared to same quarter of previous fiscal year.
EBITDA margin for the quarter has increased by 140bps on Q1FY19 as compared to Q1FY18. The company has posted stellar growth of 72.6 percent in net profit at Rs. 32.17 crores in Q1FY19 as against Rs. 18.61 crores in Q1FY18. Also its PAT margin has increased by 110bps in Q1FY19.
However ahead of its quarterly result, the stock traded in red on the bourses. The stock of Sanwaria Consumer opened on Friday at Rs. 13.90 per share and touched a high/low of Rs. 14.46/13.37 respectively and closed at Rs.13.37 which was down by 4.98 per cent on BSE.
SCL is one of the largest integrated food processors in India which is engaged in the business of manufacturing and selling of rice, edible oil and staple food products like pulses, sugar, soya chunks, wheat glour, rice flour, salt, suji, maida, besan, daliya, soya meal, etc.