Quarterly Result: VIP Industries
Bhagyashree Vivarekar / 11 Nov 2016
VIP Industries Ltd., is currently trading at Rs. 128.6, down by 8.3 points or 6.06% from its earlier closing of Rs. 136.9 on the BSE. he company's net profit has ballooned 4.2% yoy to Rs 16.3 cr
Technical View:
VIP Industries Ltd., is currently trading at Rs. 128.6, down by 8.3 points or 6.06% from its earlier closing of Rs. 136.9 on the BSE.
The scrip has touched a high and low of Rs. 135.6 and Rs. 126.6 respectively, after opening at 134.6. Altogether 612671(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
VIP Industries’ Q2FY17 numbers have beaten Bloomberg estimates. Revenue has come in 1.4% lesser than the estimate of Rs 289 cr. EBITDA margin is greater by 260 bps from the estimate of 5.5% and net profit is 13.5% greater than the estimated figure of Rs 14.4 cr.
Revenue for the quarter has dipped marginally by 3.3% yoy to Rs 284.9 cr.
VIP's EBITDA has dropped by 4.4% yoy to Rs 23.2 cr while EBITDA margins are flat at 8.1%.
The company's net profit has ballooned 4.2% yoy to Rs 16.3 cr majorly owing to Rs 2.5 cr yoy surge in other income from Rs 0.4 to Rs 2.9 cr.
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