Alstom India posts losses

Alstom India has declared its Q4FY16 results on May 9. The company’s revenue has decreased by 4.38 per cent to Rs 373 crore in Q4FY16 as compared to previous quarter. It reported EBITDA of Rs 33.6 crore in Q4FY16 against EBITDA loss of Rs 96 crore in Q3FY16. Alstom has posted PAT of Rs 27.4 crore in Q4FY16 while it showed a net loss of Rs 58.93 crore in Q3FY16.

On year on year comparison, Alstom’s top line has decreased by 53.83 per cent to Rs 373 crore in Q4FY16 as compared to same period in previous financial year. The company’s EBITDA has  also declined by 57.91 per cent to Rs 33.6 crore in Q4FY16 on a yearly basis. Its EBITDA margin has contracted by 87 basis points to 9 per cent in Q4FY16 as compared to same period in previous fiscal year. Alstom’s bottom line has dropped by more than two fold to Rs 27.4 crore in Q4FY16 on a yearly basis. The company’s net profit margin has contracted by 156 basis points to 7.34 per cent in Q4FY16 as compared to same period in previous fiscal year.

On yearly front, Alstom’s top line has declined by 18.69 per cent to Rs 1727 crore in FY16. The company’s EBITDA loss stands at Rs 180 crore in FY16 against Rs 167 crore in FY15. It has posted net loss of Rs 79 crore in FY16 while net profit of Rs 177 crore in FY15.

The share price of Alstom India has decreased by 4.91 per cent on bourses in early trade;  and closed at Rs 612 on an intraday basis.

Alstom is engaged in the business of power generation, power transmission and rail infrastructure. The company provides integrated power plant solutions and associated services for a range of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a range of solutions for power transmission, with a focus on smart grids.