Quarterly Results: Shilpi Cable Technologies Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Shilpi Cable Technologies Ltd., is currently trading at Rs. 193.80, down by 3.10 points. Net profit for the period jumped 100.7% yoy to Rs 54 cr.
Technical View:
Shilpi Cable Technologies Ltd., is currently trading at Rs. 193.80, down by 3.10 points or 1.57% from its earlier closing of Rs. 196.90 on the BSE.
The scrip has touched a high and low of Rs. 200.00 and Rs. 191.50, respectively, after opening at 200. The stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17:
Shilpi Cable Technologies’ Q2FY17 consolidated net-revenue for the quarter grew by 45.6% yoy to Rs 1197 cr.
EBITDA for the period rose by 72.9% yoy to Rs 105 cr led by EBITDA margin expansion of 138 bps to 8.7%. This was primarily the impact of efficiencies of scale.
And net profit for the period jumped 100.7% yoy to Rs 54 cr.
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