Quarterly Results: Global Offshore Services Ltd
Bhagyashree Vivarekar / 08 Nov 2016
Global Offshore Services Ltd ended at Rs. 114.3, down by 0.4 points or 0.35% from its previous closing of Rs. 114.7 on the BSE. Net loss for the quarter widened from Rs 10 Cr in corresponding quarter to Rs 34.4 Cr in Q2FY17.
Technical View:
Global Offshore Services Ltd ended at Rs. 114.3, down by 0.4 points or 0.35% from its previous closing of Rs. 114.7 on the BSE.
The scrip opened at Rs. 115.35 and touched a high and low of Rs. 115.35 and Rs. 107.7 respectively. A total of 153371(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Global Offshore Services Ltd’s reported consolidated numbers for Q2FY17.
The quarter's Revenue declined 57.7% yoy to Rs 40 cr.
Reported EBITDA loss stood at Rs 1.4 Cr against Rs 24.2 Cr profit in corresponding quarter of last year, led by contraction of 2930 bps yoy in EBITDA margins.
Net loss for the quarter widened from Rs 10 Cr in corresponding quarter to Rs 34.4 Cr in Q2FY17.
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