Quarterly Results: Mangalam Cement Ltd

Technical View: 

Mangalam Cement Ltd., is currently trading at Rs. 330, up by 8.25 points or 2.56% from its earlier closing of Rs. 321.75 on the BSE.

The scrip has touched a high and low of Rs. 338.05 and Rs. 328 respectively, after opening at 332.1. By far 23841 (NSE+BSE) shares in totality were traded on the counter. The stock is currently trading above its 50 DMA.

Standalone Results Q2FY17: (Rs. in crore)


***EBITDA margin change in bps

Mangalam Cement’s Q2FY16 standalone numbers are a mixed  bag in line with Bloomberg estimates. While the revenue numbers  have come in 7.5% higher than the estimated figure of Rs 205 cr, the reported net profit  has come in 68.8% lesser than  the estimate of Rs 15 cr.

Standalone net revenue for the quarter has dropped by 3.8% yoy to Rs 221 cr.

Mangalam Cement's reported EBITDA has come in at Rs 24 cr versus an EBITDA loss of Rs 1 cr during the corresponding quarter of the previous year driven by a 10.7% EBITDA margin. This can be attributed to 14% yoy decline in operating costs.

The company's net profit for the period has  come in at Rs 5 cr against a loss of Rs 17 cr last fiscal. This was supported by the effects of a 26% yoy decrease in finance costs and a 14% yoy surge in other income.