Quarterly Result: La Opala Q2FY17 Results: Beating expectations
Bhagyashree Vivarekar / 10 Nov 2016
La Opala RG Ltd is currently trading at Rs 548.5, up by 13.6 points or 2.54% from its previous closing of Rs 534.9 on the BSE. Net profit for the quarter increased 13.8% YoY to Rs 17 crore primarily due to 58% YoY decline in other income and 81.7% YoY increase in finance cost.
Technical View:
La Opala RG Ltd is currently trading at Rs 548.5, up by 13.6 points or 2.54% from its previous closing of Rs 534.9 on the BSE.
The scrip opened at Rs 563.55 and touched a high and low of Rs 564 and Rs 542, respectively. A total of 27433 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
Consolidated Results Q2FY17:
La Opala RG’s Q2FY17 numbers came in above our estimates. The company's revenue came in 3.5% higher than the estimate of Rs 67 crore. The company's revenue for the quarter increased 10.8% YoY to Rs 70 crore Its EBITDA margin was higher by 321 bps from the estimate of 36% and net profit was 11.4% higher than the estimated figure of Rs 15 crore.
The company's reported EBITDA surged 23.5% YoY to Rs 27 crore, while EBITDA margins expanded by 401 bps YoY to 39.2%. This was largely due to 18% YoY decline in marketing, advertisement and sales promotion expenses. Net profit for the quarter increased 13.8% YoY to Rs 17 crore primarily due to 58% YoY decline in other income and 81.7% YoY increase in finance cost.
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