Q3FY18 Results: PAT of Kwality melts by 53.6 per cent
Kwality Limited reported standalone revenue for the quarter at Rs. 1,773.27 crore, registering 12 per cent yoy increase.
The company's EBITDA for the quarter rose by 18.4 per cent yoy to Rs. 127.43 crore with a corresponding margin expansion of 39 bps. EBITDA margin for the quarter stood at 7.2 per cent.
The PAT for the quarter came in at Rs. 20.93 crore, yoy decline of 53.6 per cent. This was due to sharp decline in other income to Rs. 0.22 crore as against Rs. 5.03 crore in corresponding quarter of last year. Also, increase in effective tax rate to 43.3 per cent in the quarter as against 34.6 per cent in corresponding quarter of last year.
Kwality Limited is engaged in processing, manufacturing and trading of milk, milk products and dairy products. The Company offers products under categories, such as ghee, including pure ghee, pure cow ghee and low cholesterol ghee; butter; milk powder, including whole milk powder and skimmed milk powder; dairy whitener; milk, including full cream milk, toned milk and double toned milk, and curd, including set curd and pouched curd. Its product portfolio also includes flavored milk, sweet lassi, paneer, chaach, dairy creamer and cheese.
On Monday, ahead of its quarterly result announcement the stock of Kwality remained positive and closed for the day at Rs. 91.25 per share, up by 1.7 per cent from previous close of Rs. 89.75.