Quarterly Result: Siti Cable Network Ltd
Bhagyashree Vivarekar / 22 Nov 2016
Siti Networks Ltd., is currently trading at Rs. 34.85, down by 0.1 points or 0.29% from its earlier closing of Rs. 34.95 on the BSE. The company's Net loss has surged by Rs 15.47 cr yoy to Rs 46.9 cr, anchored by 73% yoy decline in other income.
Technical View:
Siti Networks Ltd., is currently trading at Rs. 34.85, down by 0.1 points or 0.29% from its earlier closing of Rs. 34.95 on the BSE.
The scrip has touched a high and low of Rs. 35.05 and Rs. 34.6 respectively, after opening at 35.05. Altogether 44860(NSE+BSE) shares have been traded on the counter so far, and the stock is currently trading below its 200 DMA.
Consolidated Results Q2FY17:
Siti Networks Ltd., has reported its Q2FY17 consolidated revenue 4.3% lesser than Bloomberg estimate of Rs 302 cr.
The quarter's revenue has soared 23.6% yoy to Rs 289 cr.
Siti's EBITDA has surged by 19.7% yoy to Rs 47 cr while EBITDA margins have depleted 53 bps yoy to 16.4%, triggered by 42% yoy increase in other expenses.
The company's Net loss has surged by Rs 15.47 cr yoy to Rs 46.9 cr, anchored by 73% yoy decline in other income.
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