Kingfa Science Q3FY19: Flat revenues and margins under pressure

Kingfa Science & Technology Ltd. reported its results for the quarter ended December 31, 2018 after  market hours yesterday.

Kingfa Science & Technology's revenue for the quarter came in at Rs. 163.37 crore  as against Rs. 163.99 crore , registering 0.4% yoy decline. EBITDA for the quarter fell by 78% yoy to Rs. 2. 6  crore  from Rs. 11.80 crore  with a corresponding margin contraction of 561 bps. EBITDA margin for the quarter stood at 1.6%.  The pressure on margin was on account of higher manufacturing costs, but the sales growth remained subdued. The net profit  for the quarter came in at Rs. 5.3 1 crore, a decline of 34.2% yoy . The PAT margin during the quarter stood at 3.24% as compared to 4.92% for same period last fiscal.

On Wednesday at 10.15 am stock showed gains of 1% to trade at per share price of Rs. 706 on BSE. The benchmark index BSE traded 127 points higher at 35719.