CTIL shines after easing up profitability
DSIJ Intelligence / 31 Oct 2016
Century Textiles & Industries (CTIL) has declared its Q2FY17 results on Friday after market hours. The company’s revenue has declined by 4.52 per cent to Rs 2034 crore in Q2FY17 as compared to same period in previous financial year.
Century Textiles & Industries (CTIL) has declared its Q2FY17 results on Friday after market hours. The company’s revenue has declined by 4.52 per cent to Rs 2034 crore in Q2FY17 as compared to same period in previous financial year. Its EBITDA has boosted by 56.51 per cent to Rs 225 crore in Q2FY17 on a yearly basis. CTIL has posted net profit of Rs 76.31 crore in Q2FY17 against net loss of Rs 26.65 crore in Q2FY16. CTIL has debt to equity ratio of 2.34x times in Q2FY17.
On the segmental revenue front, CTIL has earned 23.32 per cent from Textiles, 46.42 per cent from Cement, 27.11 per cent from Pulp & Paper, 1.57 per cent from Real Estate and 1.59 per cent from others in Q2FY17.
On the half yearly front, CTIL’s top line has declined by 0.46 per cent to Rs 4226 crore in H1FY17 as compared to same period in previous fiscal. The company’s EBITDA has risen by 44.48 per cent to Rs 432 crore in Q2FY17 on a yearly basis. It has posted a net profit of Rs 124 crore in Q2FY17 against a net loss of Rs 97 crore in H1FY16.
On October 30, the share price of CTIL has increased by 3.8 per cent on bourses and closed at Rs 943.5.
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