Q4FY18 Results: Capacite Infraprojects posts weak bottom-line

Capacite Infraprojects reported lower mixed numbers with a top-line increase, followed by a decline in margins and a strong slump in the bottom-line.

The revenue for the quarter rose by 25.5 per cent yoy to Rs. 381 crore in Q4FY18 as against Rs. 303 crore in Q4FY17 as against Rs. 366 crore in Q3FY18.

The EBITDA for the quarter declined by 10 per cent yoy to Rs. 62 crore in Q4FY18 as against Rs. 69 crore in Q4FY17 and Rs. 50 crore in Q3FY18. This was largely due to higher raw material cost to Rs. 188 crore in Q4FY18 as against Rs. 123 crore in Q4FY17. Further, the margins declined by 650 bps to 16.4 per cent in Q4FY18 as against 22.9 per cent in Q4FY17.

The bottom-line for the quarter also declined substantially by 16.4 per cent yoy to Rs. 22 crore in Q4FY18 as against Rs. 27 crore in Q4FY17 and Rs. 23 crore in Q3FY18

On a full-year basis, revenue grew by 18.7 per cent to Rs. 1,336 crore, while the EBITDA for the quarter grew to Rs. 203 crore an increase of 3.2 per cent yoy. While bottom-line also grew by 14 per cent yoy to Rs. 79 crore in FY18 as against Rs.69 crore in FY17.

On Monday, the stock is trading down by 6.4 per cent down at Rs. 311 per share at 11:00 hours.