Quarterly Result: Nitin Fire Protection Industries
Bhagyashree Vivarekar / 15 Nov 2016
Nitin Fire Protection Industries Ltd., ended at Rs. 33.25, down by 1.6 points or 4.59% from its earlier closing of Rs. 34.85 on the BSE. The company's net profit for the quarter has depleted by 11.1% yoy to Rs 35 cr majorly owing to 32.2% yoy rise in finance cost and 68% yoy drop in other income.
Technical View:
Nitin Fire Protection Industries Ltd., ended at Rs. 33.25, down by 1.6 points or 4.59% from its earlier closing of Rs. 34.85 on the BSE.
The scrip touched a high and low of Rs. 34.4 and Rs. 32.9 respectively, after opening at 33.25. Altogether 687346(NSE+BSE) shares have been traded on the counter so far; and the stock is trading below its 200 DMA.
Consolidated Results Q2FY17:
Nitin Fire Protection Industries Ltd., has reported its consolidated numbers for Q2FY17.
The quarter's revenue has soared 42% yoy to Rs 633 cr.
Nitin's reported EBITDA has surged by 15.5% yoy to Rs 63 cr while EBITDA margins have shrunken 227 bps yoy to 9.9%, triggered by 75% yoy surge in other expenses.
The company's net profit for the quarter has depleted by 11.1% yoy to Rs 35 cr majorly owing to 32.2% yoy rise in finance cost and 68% yoy drop in other income.
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