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

    Joined:
    May 11, 2018
    Messages:
    2
    Likes Received:
    1
    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.
     
    Srouta Mukherjee likes this.
  2. Madhu veeramalla

    Madhu veeramalla New Member

    Joined:
    Sep 11, 2017
    Messages:
    10
    Likes Received:
    3
  3. Sapna Reddy

    Sapna Reddy Member

    Joined:
    May 9, 2018
    Messages:
    4
    Likes Received:
    5
    It started raining :)
     
    Srouta Mukherjee likes this.
  4. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
  5. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
    Huge loss is there for investors in stock.
     
Loading...