Quarterly Results: Jindal Saw Ltd
Shital Jibhe / 04 Nov 2016
Jindal Saw Ltd. is currently trading at Rs. 58.15, down by 3.9 points or 6.29% from its earlier closing of Rs. 62.05 on the BSE. Jindal Saw’s Q2FY17 standalone revenue for the quarter has remained mostly flattish, increasing 0.6% yoy to Rs 1411 cr.
Technical View:
Jindal Saw Ltd. is currently trading at Rs. 58.15, down by 3.9 points or 6.29% from its earlier closing of Rs. 62.05 on the BSE.
The scrip touched a high and low of Rs. 62.45 and Rs. 56.8 respectively, after opening at 62. Altogether 1149890 (NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 50 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
Jindal Saw’s Q2FY17 standalone revenue for the quarter has remained mostly flattish, increasing 0.6% yoy to Rs 1411 cr.
The company's reported EBITDA has jumped by 28.3% yoy to Rs 216 cr and EBITDA margins have increased 331 bps yoy to 15.3%. This was triggered by 3.2% yoy decrease in operating expenses.
Net profit, however, has come in at Rs 47 cr showing a 34.9% yoy decrease, majorly due to the impact of Rs 34.7 cr of exceptional items.