Quarterly Results: DFM Foods Ltd
Bhagyashree Vivarekar / 10 Nov 2016
DFM Foods Ltd., is currently trading at Rs. 1902, down by 62.05 points or 3.16% from its earlier closing of Rs. 1964.05 on the BSE. The company's net profit for the quarter marginally surged by 5% yoy to Rs 7 cr.
Technical View:
DFM Foods Ltd., is currently trading at Rs. 1849, down by 51.9 points or 2.73% from its earlier closing of Rs. 1900.9 on the BSE.
The scrip has touched a high and low of Rs. 1899.95 and Rs. 1800 respectively, after opening at 1866. By far 1180(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 100 DMA.
DFM Foods Ltd Q2FY17 results:
DFM Foods Ltd.'s Q2FY17 numbers have beaten Bloomberg estimates. Revenue has come in 50.2% above the estimate of Rs 110 cr cr and net profit is reported 18.9% higher than the estimate of Rs 6 cr.
The quarter's revenue stands at Rs 164 in conjunction with Rs 165 cr reported in same quarter last year.
DFM Foods' reported EBITDA stands at Rs 16 cr for both the quarters, Q2FY17 and Q2FY16 and EBITDA margins are also in conjunction with margins in Q2FY16 at 9.6%.
The company's net profit for the quarter marginally surged by 5% yoy to Rs 7 cr. This can be attributed to tax to PBT percentage dipping from 34.6% to 24.6%.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.