Quarterly Result: Elgi Equipments Ltd
Bhagyashree Vivarekar / 16 Nov 2016
Elgi Equipments Ltd., is currently trading at Rs. 177, down by 10.85 points or 5.78% from its earlier closing of Rs. 187.85 on the BSE. The company's net profit has soared 235.5% yoy to Rs 18 cr majorly owing to 25.7% yoy surge in other income and 266.4% yoy dip in finance cost.
Technical View:
Elgi Equipments Ltd., is currently trading at Rs. 177, down by 10.85 points or 5.78% from its earlier closing of Rs. 187.85 on the BSE.
The scrip has touched a high and low of Rs. 200 and Rs. 177 respectively, after opening at 186.5. In totality 24686(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates were higher than ELGI Equipments Ltd.'s actual Q2FY17 numbers. Revenue is reported 8.4% lesser than the estimate of Rs 373 cr, while net profit is reported 3% lesser than the estimated figure of Rs 19 cr.
The quarter's revenue has surged marginally by 1.4% yoy to Rs 342 cr.
Elgi's EBITDA has surged by 44% yoy to Rs 34 cr while EBITDA margin has improved by 296 bps yoy to 10%, triggered by 17% yoy dip in other expenses and flat employee benefits expense.
The company's net profit has soared 235.5% yoy to Rs 18 cr majorly owing to 25.7% yoy surge in other income and 266.4% yoy dip in finance cost.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.