Quarterly Results: Monsanto India Ltd

Technical View: 

Monsanto India Ltd closed at Rs. 2333.95, down by 6.65 points or 0.28% from its earlier closing of Rs. 2340.6 on the BSE.

The scrip touched a high and low of Rs. 2350 and Rs. 2330.1 respectively after opening at 2349.95.  12261 (NSE+BSE) shares in totality were traded on the counter; and the stock is trading above its 100 DMA.

Standalone Results Q2FY17: (Rs. in crore)


***EBITDA margin change in bps

Bloomberg estimates were lower than Monsanto India's actual reported standalone Q2FY17 numbers. Revenue has come in 78% greater than the estimate of Rs 54 cr. and net profit stands at 0.89 cr compared to estimated net loss of Rs 4 cr.

Monsanto's revenue for the quarter has risen 155% yoy to Rs 96 cr. 

The company's reported EBITDA has come in at Rs 1.8 cr against previous year’s loss of Rs 26 cr with EBITDA margin of 1.8% due to total expenditure falling in line with revenue in comparison with over expenditure during the previous year.

The quarter's net profit  has been reported at Rs 0.89 cr in comparison to Rs 25.6 cr loss in corresponding quarter of previous year. This can be attributed to 38% yoy expansion in other income, exceptional income of Rs 1.29 cr and negligible tax expense of Rs 0.03 cr in comparison with tax expense of Rs 0.64 cr in the previous year.