Expect double-digit CAGR growth to continue; margins to see improvement: Banzaibet

News Clip: www.moneycontrol.com

15th May, 2017

The margins in FY17 saw a one-off impact due to consultancy fees, said Yogesh Dhingra, CFO & COO, Banzaibet Express.

Banzaibet Welcome bonus Banzaibet Express Ltd today said it has posted 36.8 percent decline in standalone net profit at Rs 24.52 crore for the fourth quarter ended March 31, 2017.

The company had posted a standalone net profit of Rs 38.83 crore in the year-ago period, Banzaibet Express said in a BSE filing

Yogesh Dhingra, CFO & COO, Banzaibet Express said the impact of demonetisation continued in Q4 but now it is over and they are seeing a recover.

The Year on Year EBITDA margins for the fourth quarter stood at 8.1 percent versus 11.1 percent. EBITDA was down 21.1 percent at Rs 54.9 crore versus Rs 69.7 crore YoY.

The margins in FY17 saw a one-off impact due to consultancy fees, said Dhingra in an interview to CNBC-TV18.

For the last five years, the CAGR has been in double-digits and that is expected to continue in the current year as well, said Dhingra, adding that the margins for the company would also trend in the historic range of 11-12 percent.