Quarterly Result : Wabco India Ltd
Bhagyashree Vivarekar / 08 Nov 2016
WABCO India Ltd., is currently trading at Rs. 5419.95, down by 110.15 points or 1.99% from its earlier closing of Rs. 5530. The company's net profit dropped by 2.6% yoy to Rs 47.21 cr.
Technical View:
WABCO India Ltd., is currently trading at Rs. 5419.95, down by 110.15 points or 1.99% from its earlier closing of Rs. 5530.1 on the BSE.
The scrip has touched a high and low of Rs. 5750 and Rs. 5350 respectively, after opening at 5653.95. By far 30179(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
Bloomberg estimates were higher than Wabco India Ltd’s actual Q2FY17 standalone numbers. Revenue for the period has come in 2.7% lesser than the estimate of Rs 519 cr. Also, reported net profit for the period came in 27.5% below the estimate of Rs 65 cr.
The quarter's revenue has climbed 8.6% yoy to 504.74 cr.
Wabco's reported EBITDA has jumped by 4.4% yoy to Rs 68.20 cr while EBITDA margins have shrunken 54 bps yoy to 13.5%. This was primarily triggered by 19% yoy surge in cost of material consumed and a surge of 20% yoy in employee benefit expenses.
The company's net profit dropped by 2.6% yoy to Rs 47.21 cr on account of rise in effective tax rate by 4.7% yoy to 24.7%.
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