Quarterly Result: Atul Auto Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Atul Auto Ltd., ended at Rs. 469.2, down by 11 points or 2.29% from its earlier closing of Rs. 480.2 on the BSE. The company's net profit has surged marginally by 2.5% yoy to Rs 14 cr majorly owing to Rs 60 lacs surge in other income and Rs 20 lacs depletion in finance cost.
Technical View:
Atul Auto Ltd., ended at Rs. 469.2, down by 11 points or 2.29% from its earlier closing of Rs. 480.2 on the BSE.
The scrip touched a high and low of Rs. 480 and Rs. 465 respectively, after opening at 480. In totality 13787(NSE+BSE) shares have been traded on the counter; and the stock is trading below its 200 DMA.
Standalone Results Q2FY17:
Atul Auto’s standalone numbers for Q2FY17 have come in mixed in comparison with Bloomberg estimates. Revenue has come in 23.8 below the estimate of Rs 188 cr. EBITDA margin is lesser by 546 bps from the estimate of 10% and net profit is 8.1% above the estimated figure of Rs 13 cr.
The quarter's revenue is flat at Rs 143 cr.
Atul's reported EBITDA is also flat at 22 cr.
The company's net profit has surged marginally by 2.5% yoy to Rs 14 cr majorly owing to Rs 60 lacs surge in other income and Rs 20 lacs depletion in finance cost.
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