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Login Open ICICI 3-in-1 Account

Entry Price

295.00

Target

325.00

Recommend Date

20-08-2019

Return

10.17 %
BUY

Date : 20-08-2019

Shankaras topline de-grew 18.6% YoY to | 639.3 crore on account of sharp revenue de-growth in the channel & enterprise division. The EBITDA margin expanded 220 bps QoQ to 4.9% mainly on account of better EBIT margins of the retail division at 8.1% in Q1FY20. EBIT margin for the channel & enterprise division was at 3.5% in Q1FY20 vs. 0.9% in Q4FY19. PAT de-grew sharply by 57.6% YoY to | 8.3 crore.