Quarterly Result: Container Corporation Of India Ltd

Technical View: 

Container Corporation of India Ltd., ended at Rs. 1318.85, down by 29 points or 2.15% from its earlier closing of Rs. 1347.85 on the BSE.
The scrip touched a high and low of Rs. 1366 and Rs. 1290.55 respectively, after opening at 1340. In totality 276860(NSE+BSE) shares have been traded on the counter; and the stock is trading above its 100 DMA.


Standalone Results Q2FY17:

Container Corporation of India Ltd.'s Q2FY17 numbers are a mixed bag in comparison with Bloomberg estimates. Revenue has been reported 6.9% lesser than the estimate of Rs 1480 cr while EBITDA margin is 194 bps greater than the estimate of 15% and net profit is reported 25% lesser than the estimated figure of Rs 210 cr.

Revenue for the quarter has dipped marginally by 8.2% yoy to Rs 1379 cr.

CCI's reported EBITDA has reduced by 26.4% yoy to Rs 229 cr while EBITDA margins have shrunken by 410 bps to 17%, triggered by 18.8% and 42% yoy increase in other operating and other expenses respectively.

Net profit has dropped 31.9% yoy to Rs 158 cr majorly owing to 11.6% yoy dip in other income.