Quarterly Result: JMC PROJECTS (INDIA) LTD.
Bhagyashree Vivarekar / 15 Nov 2016
JMC Projects (India) Ltd., is currently trading at Rs. 215, down by 22.35 points or 9.42% from its earlier closing of Rs. 237.35 on the BSE.The company's net profit has dipped by 9.5% yoy to Rs 12.05 cr.
Technical View:
JMC Projects (India) Ltd., is currently trading at Rs. 215, down by 22.35 points or 9.42% from its earlier closing of Rs. 237.35 on the BSE.
The scrip has touched a high and low of Rs. 235.3 and Rs. 211.15 respectively, after opening at 235.3. By far 18926(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100 DMA.
Standalone Results Q2FY17:
JMC Projects (India) Ltd’s Q2FY17 standalone numbers are a mixed bag in comparison with Bloomberg estimates. Revenue for the period has come in 8.5% lesser than the estimate of Rs 580 cr. Reported net profit for the period has come in 4.8% higher than the estimate of Rs 12 cr.
The quarter's revenue has depleted by 10.3% yoy to Rs 530.87 cr.
JMC's EBITDA has depleted by 8.4% yoy to Rs 51.58 cr while EBITDA margins have improved 20 bps yoy to 9.7%, triggered by Rs 14.51 cr adverse movement in inventory.
The company's net profit has dipped by 9.5% yoy to Rs 12.05 cr. Other income has dipped 24% yoy to Rs 1.66 cr.
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