Quarterly Results: KDDL Ltd
Bhagyashree Vivarekar / 15 Nov 2016
KDDL Ltd., is currently trading at Rs. 210, down by 32.15 points or 13.28% from its earlier closing of Rs. 242.15 on the BSE.The company's net profit has depleted by 102.4% yoy to Rs (0.13) cr.
Technical View:
KDDL Ltd., is currently trading at Rs. 210, down by 32.15 points or 13.28% from its earlier closing of Rs. 242.15 on the BSE.
The scrip has touched a high and low of Rs. 235 and Rs. 210 respectively, after opening at 235. Altogether 21842(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17:
KDDL Ltd’s Q2FY17 standalone numbers have come in as a mixed bag as compared to Bloomberg estimates. Revenue for the period has come in 3.7% higher than estimate of Rs 114 cr. However, reported net profit for the period has come in 103.7% lesser than the estimate of Rs 4 cr.
The quarter's revenue has surged 6.8% yoy to Rs 117.96 cr.
KDDL's EBITDA has dropped 32% yoy to Rs 6.54 cr while EBITDA margins have shrunken 316 bps yoy to 5.5%, triggered by 8% yoy surge in purchase of stock in trade and 11% yoy surge in other expenses.
The company's net profit has depleted by 102.4% yoy to Rs (0.13) cr, triggered by dip in other income of 83% yoy and increase in effective tax rate to 133% from 7% in Q2FY16.
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