Quarterly Result: Kamdhenu Ltd
Bhagyashree Vivarekar / 11 Nov 2016
Kamdhenu Ltd., has closed at Rs. 85.00, down by 2.5 points or 2.86% from its earlier closing of Rs. 87.5 on the BSE.
Kamdhenu's net profit has risen marginally by 3.8% yoy to Rs 2.21 cr.
Technical View:
Kamdhenu Ltd., has closed at Rs. 85.00, down by 2.5 points or 2.86% from its earlier closing of Rs. 87.5 on the BSE.
The scrip has touched a high and low of Rs. 85.65 and Rs.82.20 respectively, after opening at 84.55.
Kamdhenu Ltd., has posted its Q2FY17 numbers.
Standalone Results Q2FY17:
Net revenue has dropped by 14.9% yoy to Rs 188.5 cr. The revenues were pulled down by 13.6% yoy drop in Steel segment and 19.5% yoy drop in Paints segment.
However, EBITDA has soared 8.1% yoy to Rs 8 cr and EBITDA margins have improved 90 bps yoy to 4.3%. This can be attributed to 22.9% yoy dip in cost of raw materials.
Kamdhenu's net profit has risen marginally by 3.8% yoy to Rs 2.21 cr.
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