Prakash Industries Limited reported standalone unaudited earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations of INR 7,259.7 million compared to INR 5,207.0 million a year ago. Profit before exceptional items and tax was INR 1,013.5 million compared to INR 181.1 million a year ago. Profit before tax was INR 1,013.5 million compared to INR 181.1 million a year ago. Profit for the period was INR 1,013.5 million or INR 6.60 per diluted share compared to INR 181.1 million or INR 1.18 per diluted share a year ago. EBITDA was INR 1,520 million, reflecting growth of 143% over the corresponding quarter of the last financial year.

For the nine months, the company reported revenue from operations of INR 20,962.2 million compared to INR 17,160.8 million a year ago. Profit before exceptional items and tax was INR 2,341.4 million compared to INR 466.9 million a year ago. Profit before tax was INR 2,341.4 million compared to INR 466.9 million a year ago. Profit for the period was INR 2,341.4 million or INR 15.26 per diluted share compared to INR 466.9 million or INR 3.05 per diluted share a year ago.

The EBITDA margin has grown gradually from 12% in fiscal year 2017 to 17% in first quarter of 2018, further to 19% in second quarter of fiscal 2018 and to 21% in third quarter of fiscal year 2018. The company is expecting a further improvement in the margin to around 25% in fourth quarter of fiscal year 2018. The sales and turnover are likely to witness growth of around 35% and 60% respectively in fourth quarter of fiscal year 2018.