Quarterly Result: Goodluck Steel Tubes Ltd.
Bhagyashree Vivarekar / 12 Nov 2016
Goodluck Steel Tubes Ltd., is currently trading at Rs. 107.1, down by 3.3 points or 2.99% from its earlier closing of Rs. 110.4 on the BSE.The company's net profit has dipped 53% yoy to Rs 7 cr.
Technical View:
Goodluck Steel Tubes Ltd., is currently trading at Rs. 107.1, down by 3.3 points or 2.99% from its earlier closing of Rs. 110.4 on the BSE.
The scrip has touched a high and low of Rs. 108.5 and Rs. 106.15 respectively, after opening at 107.65. By far 16838(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
Goodluck Steel Tubes Ltd., has reported its Q2FY17 standalone numbers.
The quarter's revenue has surged marginally by 4% yoy to Rs 286 cr.
Goodluck's reported EBITDA has dipped 21% yoy to Rs 23 cr while EBITDA margins have shrunken by 254 bps yoy to 8%. This can be majorly attributed to 49% yoy rise in Employee benefits expenses.
The company's net profit has dipped 53% yoy to Rs 7 cr, majorly triggered by 24% yoy upsurge in finance costs.
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