Quarterly Result: Deepak Fertilizers & Petrochemicals Corp Ltd
Bhagyashree Vivarekar / 17 Nov 2016
Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs. 200, up by 0.05 points or 0.03% from its earlier closing of Rs. 199.95 on the BSE. The company's net profit has eroded 4.8% yoy to Rs 26.96 cr, driven by 19% yoy dip in finance cost to Rs 26.52 cr
Technical View:
Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs. 200, up by 0.05 points or 0.03% from its earlier closing of Rs. 199.95 on the BSE.
The scrip has touched a high and low of Rs. 201.6 and Rs. 195.35 respectively, after opening at 200.7. Altogether 31559(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
Deepak Fertilisers & Petrochemicals Corporation Ltd., has reported Q2FY17 standalone result after-market hours.
The quarter's revenue has dropped 14.3% yoy to Rs 938 cr, triggered by 11% and 20 % yoy depletion in chemical segment and fertilisers segment respectively.
Deepak's EBITDA has dropped 8.6% yoy to Rs 88.37 cr while EBITDA margins have expanded by 60 bps yoy at 9.4%, triggered by a drop in purchase of stock in trade of 55% yoy. Company has witnessed adverse movement in inventory of Rs 125.36 cr.
The company's net profit has eroded 4.8% yoy to Rs 26.96 cr, driven by 19% yoy dip in finance cost to Rs 26.52 cr.
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