Quarterly Results: Subros Ltd's
Shital Jibhe / 01 Nov 2016
Subros Ltd has posted standalone Q2FY17 results.Subros Ltd’s net revenue for the quarter has grown by 35.5% YoY to Rs. 437 cr. Company’s EBITDA has increased by 20.5% yoy to Rs 47 cr and EBITDA margins have declined by 130 bps yoy to 10.7%.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
Subros Ltd has posted standalone Q2FY17 results.Subros Ltd’s net revenue for the quarter has grown by 35.5% YoY to Rs. 437 cr.
Company’s EBITDA has increased by 20.5% yoy to Rs 47 cr and EBITDA margins have declined by 130 bps yoy to 10.7%. This was due to increase in cost of materials by 47% yoy.
However, company’s net profit has declined by 29.5% yoy to Rs.43 cr. Company has witnessed a fall in profits driven by exceptional items of Rs 12.53 cr, which was partially offset by a tax benefit of Rs 1.58 cr.
Technical View:
Subros Ltd., is currently trading at Rs. 149, up by 3.8 points or 2.62% from its previous closing of Rs. 145.2 on the BSE.
The scrip opened at Rs. 152.5 and has touched a high and low of Rs. 152.5 and Rs. 141.05 respectively. So far 1149481(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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