Quarterly Result: MOIL
Bhagyashree Vivarekar / 15 Nov 2016
MOIL Ltd., ended at Rs. 337.95, down by 9.4 points or 2.71% from its earlier closing of Rs. 347.35 on the BSE.The company's net profit (adjusted) has eroded by 36.3% yoy to Rs 30.91 cr.
MOIL Ltd., ended at Rs. 337.95, down by 9.4 points or 2.71% from its earlier closing of Rs. 347.35 on the BSE.
The scrip touched a high and low of Rs. 345.15 and Rs. 311.5 respectively, after opening at 311.5. In totality 248688(NSE+BSE) shares have been traded on the counter; and the stock is trading below its 50 DMA.
Standalone Results Q2FY17:
MOIL Ltd’s Q2FY17 standalone numbers are a mixed bag in comparison to street estimates. Revenue for the period has come in 38.7% higher than the estimate of Rs 141 cr. However, adjusted net profit for the period has come in 23.3% lesser than the estimate of Rs 40 cr.
The quarter's revenue has surged by 32.1% yoy to 196.03 cr owing to surge in revenue from mining products' segment of 38% yoy to 181.91 cr.
MOIL's EBITDA has dipped 87.6% yoy to Rs 2.44 cr while EBITDA margins have dropped 1,203 bps yoy to 1.2%. Depletion was due to adverse change in inventory of Rs 54.66 cr, 6% yoy surge in employee costs and 8% yoy rise in other expenses.
The company's net profit (adjusted) has eroded by 36.3% yoy to Rs 30.91 cr which was mainly triggered by operational inefficiencies and other income of 17% yoy.
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