Quarterly Result: INEOS Styrolution India Ltd
Bhagyashree Vivarekar / 12 Nov 2016
INEOS Styrolution India Ltd., is currently trading at Rs. 602, down by 6.6 points or 1.08% from its earlier closing of Rs. 608.6 on the BSE.Net profit has surged 29.3% yoy to Rs 19.2 cr.
Technical View:
INEOS Styrolution India Ltd., is currently trading at Rs. 602, down by 6.6 points or 1.08% from its earlier closing of Rs. 608.6 on the BSE.
The scrip has touched a high and low of Rs. 615 and Rs. 600 respectively, after opening at 615. In totality 2457(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100 DMA.
Standalone Results Q2FY17:
INEOS Styrolution India Ltd., has posted its Q2FY17 numbers.
Net revenue has declined marginally by 2.4% yoy to Rs 440 cr. This can be majorly attributed to 9% decline in revenues from specialties segment.
EBITDA has risen sharply to Rs 35.31 cr from Rs 8 cr in the same quarter of last year. EBITDA margins have improved 617 bps yoy to 8%. This was triggered by 11.8% drop in cost of materials consumed.
Net profit has surged 29.3% yoy to Rs 19.2 cr. This was anchored by 55% drop in finance costs.
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.