Rashtriya Chemicals & Fertilizers Ltd Q2FY17 Results: Growth Reversal
Bhagyashree Vivarekar / 18 Nov 2016
Rashtriya Chemicals & Fertilizers Ltd ended at Rs 42.25, up 0.2 points or 0.48% from its previous close of Rs. 42.05 on the BSE. Its net profit also dropped 4.8% YoY to Rs 43.42 crore.
Technical View:
Rashtriya Chemicals & Fertilizers Ltd ended at Rs 42.25, up 0.2 points or 0.48% from its previous close of Rs. 42.05 on the BSE.
The scrip opened at Rs 42.15 and touched a high and low of Rs 43.1 and Rs 41.95, respectively. A total of 651862 (NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.
Standalone Results Q2FY17:
Rashtriya Chemicals & Fertilizers Ltd has posted Q2FY17 standalone numbers. The company’s revenue for the quarter declined 26.2% YoY to Rs 1772.13 crore. This was on account of 23.5% YoY fall in revenues from fertilizers segment and 68% YoY drop in trading segment revenue.
The company's EBITDA too declined 10.5% YoY to Rs 100.2 crore, while EBITDA margins expanded 98 bps YoY to 5.7%.
Its net profit also dropped 4.8% YoY to Rs 43.42 crore. The company posted degrowth in its net profit as 56.6% YoY drop in finance cost was offset by 43% YoY decline in other income.
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