Quarterly Results: EIH Ltd
Shital Jibhe / 03 Nov 2016
EIH Ltd ended at Rs. 107.85, down by 0.9 points or 0.83% from its earlier closing of Rs. 108.75 on the BSE. The scrip touched a high and low of Rs. 110.85 and Rs. 107 respectively after opening at 109.
Technical View:
EIH Ltd ended at Rs. 107.85, down by 0.9 points or 0.83% from its earlier closing of Rs. 108.75 on the BSE.
The scrip touched a high and low of Rs. 110.85 and Rs. 107 respectively after opening at 109. As of now 48146 (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 higher than EIH Ltd's Q2FY17 results . Revenue stands 2.7% lower than estimate of Rs 282 cr yoy. Net profit is 41.7% lesser than the estimated figure of Rs 6.5 cr yoy.
EIH Ltd's revenue for the quarter has declined by 9.1% yoy to Rs 274.2 cr.
EBITDA has declined by 55.4% yoy to Rs 15.33 cr, owing to a sharp decline in EBITDA margins by 580 bps yoy to 5.6%.
The company's net profit has declined 59% yoy to Rs 3.79 cr majorly driven by exceptional loss of Rs 15.25 cr incurred in the present quarter.
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