This company is one of the largest onshore integrated seismic service provider in the private sector. It is a market leader in seismic survey. Driven by huge volumes, Alphageo posted excellent numbers for Q1FY18. The company’s consolidated revenue rose 121% (YoY) at Rs.115 crore.

Though the company’s EBITDA rose 118% at Rs.33 crore margins were flat at 28.7% v/s 29% (YoY) – this marginal fall in margins was on account of higher survey related expenses; they were up by a whopping 132%.

The company ended the quarter with a net profit at Rs.15.5 crore, up 94%.

During the quarter, the company had 17 operating crews working across various locations. But due to onset of monsoon, 13 of these were shut down. Q2, seasonally is much weaker as seismic survey cannot be conducted during monsoon.