Rain Industries: What happened?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by adhksadfkh, May 11, 2018.

  1. adhksadfkh

    adhksadfkh New Member

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    The results were really good for CY2018Q1 as released today with a 342% jump in PAT YoY. EBITDA grew by 45.2% yoy to Rs641cr vs. Rs441cr in Q1CY17. EBITDA margins were at 19.4% in Q1CY18 vs. 17.9% in Q1CY17. Reported net profit grew by 324.2% yoy in Q1CY18 to Rs251cr vs. Rs59cr in Q1CY17. However, there were exceptional items pertaining to unamortised deferred financing cost and redemption premium totalling to Rs67cr that was charged in Q1FY17. Adjusting for this, the yoy growth was 141.2%. Still, the share fell 16.29% intraday (Rs. 51 lower). Can anyone explain the reason, especially in the face of great, if not extraordinary, results.
     
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  2. Madhu veeramalla

    Madhu veeramalla New Member

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  3. Sapna Reddy

    Sapna Reddy Member

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    It started raining :)
     
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  4. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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  5. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Huge loss is there for investors in stock.
     
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