Quarterly Results: Bosch Ltd
Bhagyashree Vivarekar / 10 Nov 2016
Bosch Ltd., is currently trading at Rs. 21795, up by 516.55 points or 2.43% from its earlier closing of Rs. 21278.45 on the BSE. Bosch's net profit of Rs 422.91 cr, is greater by 10.8% yoy. This was triggered by 12.6% yoy surge in other income.
Technical View:
Bosch Ltd., is currently trading at Rs. 21795, up by 516.55 points or 2.43% from its earlier closing of Rs. 21278.45 on the BSE.
The scrip has touched a high and low of Rs. 22310 and Rs. 21685 respectively, after opening at 22310. By far 7540(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
Bosch Ltd Q2FY17 results:
Bosch’s Q2FY17 standalone numbers have come in as a mixed bag in comparison to our estimates. Revenue for the period has come in 1.6% higher than the estimate of Rs 2772 cr. However, EBITDA has come in 11.8% lesser than the estimate of Rs 532 cr. Net profit has come in 1.2% above the estimated figure of Rs 418 cr.
The quarter's net revenue has surged 9.4% yoy to Rs 2816 cr.
EBITDA has soared 8.4% yoy to Rs 469 cr triggered by EBITDA margin shrinking of 156 bps to 16.7%.
Bosch's net profit of Rs 422.91 cr, is greater by 10.8% yoy. This was triggered by 12.6% yoy surge in other income.
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