Quarterly Results: Insecticides (India) Ltd
Bhagyashree Vivarekar / 08 Nov 2016
Insecticides India Ltd., is currently trading at Rs. 522.1, up by 27.6 points or 5.58% from its earlier closing of Rs. 494.5 on the BSE. The company's net profit has surged by 59.4% yoy to Rs 28.68 cr.
Technical View:
Insecticides India Ltd., is currently trading at Rs. 522.1, up by 27.6 points or 5.58% from its earlier closing of Rs. 494.5 on the BSE.
The scrip has touched a high and low of Rs. 543.95 and Rs. 496.5 respectively, after opening at 496.5. In totality 254897(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
Insecticides (India) Ltd’s Q2FY17 standalone numbers have beaten Bloomberg estimates. Revenue for the period has come in 4.7% higher than estimate of Rs 446.4 cr. Reported net profit for the period has come in 25.8% higher than the estimate of Rs 23 cr.
The quarter's revenue has surged by 26.4% yoy to 467.5 cr. This was anchored by 27.3% yoy growth in Formulations segment.
The company's reported EBITDA too has surged by 36.5% yoy to Rs 47.77 cr and EBITDA margins have improved 76 bps yoy to 10.2%.
The company's net profit has surged by 59.4% yoy to Rs 28.68 cr. This was partially led by drop in finance costs by 56.2% yoy.
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