United Breweries was up nearly 5% in morning trade after the company posted a standalone adjusted net profit of Rs90.9cr for Q4FY18. The company's standalone revenue in the period stood at Rs1,469.3cr, up 32.0% yoy and 22.7% qoq.
United Breweries (UBL) reported that net revenue in the quarter jumped 32% to Rs1,469.3cr, 9% ahead of estimates. Gross margin for the quarter expanded by 151bps yoy to 52.8%. EBITDA jumped 105.9% yoy to Rs208.2cr, 16% above estimates.
Led by lower raw material cost and other expenses, as a percent of net sales, EBITDA margin expanded by 508bps yoy to 14.2%. Led by strong EBITDA growth and lower depreciation and interest outgo, PAT jumped to Rs90.9cr against Rs6.7cr in Q4FY17.
UBL is currently trading at Rs1,230, up Rs49.95, or 4.23%, from its previous close of Rs1,180.05 on the BSE.
The scrip opened at Rs1,221.25 and has touched a high and low of Rs1,268.90 and Rs1,211, respectively. So far, 27,41,635 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs31,200.52cr.
The stock had touched its 52-week-high of Rs1,242.70 on February 05, 2018, and its 52-week-low of Rs765.95 on May 24, 2017. The stock is currently trading above its 100 DMA.
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