Quartely Result: FIEM Industries Ltd.
Bhagyashree Vivarekar / 15 Nov 2016
Fiem Industries Ltd., is currently trading at Rs. 1155, down by 98.6 points or 7.87% from its earlier closing of Rs. 1253.6 on the BSE. The company's net profit has surged by 12.3% yoy to Rs 14 cr, anchored by a 98% yoy upsurge in finance cost.
Technical View:
Fiem Industries Ltd., is currently trading at Rs. 1155, down by 98.6 points or 7.87% from its earlier closing of Rs. 1253.6 on the BSE.
The scrip has touched a high and low of Rs. 1254 and Rs. 1110 respectively, after opening at 1254. Altogether 19190(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
Bloomberg estimates were higher than FIEM Industries Ltd.'s actual Q2FY17 numbers. Revenue is reported in-conjunction with estimate of Rs 290, while net profit is reported 12.2% lesser than the estimated figure of Rs 16 cr.
The quarter's revenue has soared 23.6% yoy to Rs 292 cr.
Fiem's EBITDA has surged by 23.1% yoy to Rs 36 cr while EBITDA margin is flat at 12%.
The company's net profit has surged by 12.3% yoy to Rs 14 cr, anchored by a 98% yoy upsurge in finance cost.
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