Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Indag Rubber Limited announces Q1FY19 results

Posted On: 2018-08-17 21:49:10

Indag Rubber Limited, one of India's leading Tread Manufacturing Company, has declared its Unaudited Results for the quarter ended 30th June, 2018. The Results are in accordance with the Indian Accounting Standards (Ind AS).

Highlights of Q1 FY19

- Revenue of Rs. 39.9 crores, a growth of 8% as comparedto Q1 FY18
- EBITDA stood at Rs. 4.9 crores, a growth of 62% as compared to Q1 FY18
- EBITDA Margins have improved by 410 basis points to 12.3% as compared to 8.2% in Q1 FY18.
- Net Profit After Tax stood at Rs. 2.9 crores, a growth of 92% as compared to Q1 FY18
- PAT Margins have increased by 320 basis points to 7.3%

Commenting on the Result, Mr. K. K. Kapur CEO, Indag Rubber Limited said, "We are pleased to announce that our Companyhas achieved a Revenue of Rs. 40 crores with EBITDA and PAT of Rs. 5 and Rs. 3 crores respectively in the first quarter of FY19. There was high growth in sale of commercial vehicles in the first quarter of FY19. The CV segment is expected to grow in double digits for the next few year driven by increase in infrastructure development in our country. Tyre volume demand is also expected to grow at an increased rate boosted by higher OEM demand and stable replacement demand. This augers well for the retreading industry as well.

Post implementation of GST there has been a shift from the unorganized sector to the organized sector with the organized players having an upper hand.

The tyre industry continues to invest in radial tyre capacities. Increase in Radialization will have a positive impact on the retreading industry in course of time."

Shares of INDAG RUBBER LTD.-$ was last trading in BSE at Rs.139 as compared to the previous close of Rs. 133. The total number of shares traded during the day was 5172 in over 48 trades.

The stock hit an intraday high of Rs. 139 and intraday low of 134. The net turnover during the day was Rs. 709203.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Delta Magnets Ltd approves merger of Arrow Textiles Ltd and MMG

NBCC India Ltd secures business of Rs. 921.67 crore in August 2018

G E Shipping takes delivery of Secondhand Very Large Gas Carrier 'Jag Vasant'

RBI allows Rana Kapoor to continue as MD & CEO of YES Bank till Jan 31, 2019

Asian Paints Ltd announces sad demise of Shri Ashwin Choksi

CCI imposes penalty of Rs. 12.35 crore to Bajaj Hindusthan Sugar Ltd

Blue Coast Hotels Ltd hands over possession of Goa hotel to ITC

Shankara Building Products Limited opens its 134th Store

Allahabad Bank to raise Rs. 1500 crore through QIP in 2018-19

Manali Petrochemicals Ltd to commence supply of new products from Sep 19, 2018

HPL Electric Participates in 12th edition of 'Renewable Energy India Expo 2018'

Vaibhav Global Ltd allots 1666 shares

Kanpur Plastipack Ltd extends date for payment of final call money

Newgen Software Technologies Ltd signs agreement with HP for supply of software licences

Raghav Productivity Enhancers Ltd bestowed with Rajasthan Udyog Ratan Award 2018

Varroc Engineering arm forms JV with ELBA SA

Nucleus Software's lending software goes live at VietCredit Finance Joint-Stock Company

Glenmark Pharmaceuticals inducted into the DJSI Emerging Market 2018

HFCL bags purchase order worth Rs. 611 crore from BSNL

26 young people with type 1 diabetes successfully surmount 13,000 feet in 'India's 2nd T1D Challenge 2018'

TVS Motor Company strengthens its presence in Mexico

Brand Idea urges people for 'Responsible Use of Social Media' through the latest #MeriRealLife campaign

Bharti Foundation expands Quality Support Program to Karnataka

Ambuja Cement among the top 5 in global DJSI ranking-2018

Dish TV: D2H brand increases focus on South, launches new customer awareness TVC

Tata Steel Limited completes the acquisition of 51% equity stake in Creative Port Development Private Limited

Clariant Chemicals India Ltd updates on announcement from holding company

Lupin appoints Alok Sonig as CEO - US Generics and Global Head - Generics R&D & Biosimilars

KIOCL Ltd approves buyback of 1,25,88,235 equity shares at Rs. 170

IL&FS Transportation Networks Ltd arm gets claim from NHAI

Vyapar Industries Ltd approves sale of part investment in Beneficent Knowledge Parks & Properties Ltd

TI Financial Holdings Limited to change name

NIIT Technologies introduces Chain-m, a Blockchain powered solution for Airlines and its partners

Steel Strips Wheels Ltd announces resignation of CFO

RITES Ltd secures additional turnkey contract work for Rs. 436 crore

Sun Pharma announces receipt of European Commission approval for ILUMETRI® by Almirall

Tata iQ Selects TCS Jile™ to Drive Agile Transformation

ICICI Prudential Life and Saraswat Co-operative Bank sign bancassurance partnership

Woodpecker Distilleries & Breweries Private Ltd. launches Blackfort Lager Beer

DAC Approves Procurement of Equipment Worth Rs 9,100 Crores

ITI Limited Conferred with National Safety Awards

Future Market Networks Ltd completes acquisition of 50% in Future Retail Destination Ltd

Strides Pharma Science Ltd updates on USFDA inspection at Bangalore facility

Lime Chemicals Ltd appoints company secretary

Indian Hume Pipe Company Ltd receives LoA for Rs. 221.72 crore order

PNC Triveni Sangam Highways Pvt Ltd achieves financial closure

Financial Creditors initiate CIRP against Pratibha Industries Ltd

Bank of Baroda confirms intimation received on merger of Vijaya Bank and Dena Bank

L&T Construction Wins Orders Valued Rs. 2048 Crore

TVS NTORQ 125 crosses 1 lakh sales mark, launches new Metallic Red colour

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018