Quarterly Results: Esab India Ltd
Shital Jibhe / 03 Nov 2016
Esab India Ltd is currently trading at Rs. 609.85, up by 15.6 points or 2.63% from its previous closing of Rs. 594.25 on the BSE. The scrip touched a high and low of Rs. 609.95 and Rs. 590 respectively after opening at 590.
Technical View:
Esab India Ltd is currently trading at Rs. 609.85, up by 15.6 points or 2.63% from its previous closing of Rs. 594.25 on the BSE.
The scrip touched a high and low of Rs. 609.95 and Rs. 590 respectively after opening at 590. So far 1672 (NSE+BSE) shares in totality were traded on the counter; and the stock is currently trading below its 100 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
Esab India’s Q2FY17 standalone net revenue for the quarter has increased 3.3% yoy to Rs 132 cr, which was primarily driven by a 9.6% yoy growth in equipment segment.
Esab's reported EBITDA has increased 15.7% yoy to Rs 14 cr and EBITDA margins have expanded 114 bps yoy to 10.6% led by a 2.4% yoy decrease in other expenses and overall operational efficiency.
The company's net profit has surged 61.2% yoy to Rs 10 cr anchored by a 47% yoy rise in other income.
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