Quarterly Results: HSIL Ltd
Shital Jibhe / 08 Nov 2016
HSIL Ltd., is currently trading at Rs. 350.45, up by 6.95 points or 2.02% from its earlier closing of Rs. 343.5 on the BSE. Revenue for the quarter has surged 15.1% yoy to Rs 510 cr. This was majorly driven by 17.6% & 12.5% yoy rise in Building products and packaging products, respectively.
Technical View:
HSIL Ltd., is currently trading at Rs. 350.45, up by 6.95 points or 2.02% from its earlier closing of Rs. 343.5 on the BSE.
The scrip touched a high and low of Rs. 356.8 and Rs. 344.55 respectively, after opening at 349.1. Altogether 65009 (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 in bps
Bloomberg estimates were below HSIL Ltd’s Q2FY17 standalone results. Revenue has come in 5.9% above estimate of Rs 482 cr. EBITDA stands 42.1% above the estimated numbers of Rs 57 cr. Net profit is 1.9% greater than the estimated figure of Rs 31 cr.
Revenue for the quarter has surged 15.1% yoy to Rs 510 cr. This was majorly driven by 17.6% & 12.5% yoy rise in Building products and packaging products, respectively.
HSIL's EBITDA has surged by 7.5% yoy to Rs 81.42 cr led by 113 bps drop in EBITDA margins to 16%. This can be attributed to higher operating cost.
The company's net profit has surged 8.4% yoy to Rs 31.5 cr. This was majorly anchored by 68% yoy decline in other income partly offset by 24% yoy drop in finance cost.
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