Quarterly Result: Manpasand Beverages Ltd
Bhagyashree Vivarekar / 24 Nov 2016
Manpasand Beverages Ltd is currently trading at Rs 649, up by 32.4 points or 5.25% from its previous close of Rs 616.6 on the BSE. The scrip opened at Rs 620 and has touched a high and low of Rs. 654 and Rs. 616, respectively.The company's net profit increased 24.4% YoY to Rs 5.41 crore.
Technical View:
Manpasand Beverages Ltd is currently trading at Rs 649, up by 32.4 points or 5.25% from its previous close of Rs 616.6 on the BSE. The scrip opened at Rs 620 and has touched a high and low of Rs. 654 and Rs. 616, respectively. A total of 178039 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
Manpasand Beverages Ltd’s Q2FY17 standalone numbers came in mixed as against Bloomberg estimates. The company's revenue for the period came in 8.6% below the estimate of Rs 116 crore. Its EBITDA was 192.7% above the estimate of Rs 8 crore. The reported net profit for the period was 21.6% below the estimate of Rs 7 crore.
The company's revenue for the quarter increased 34.9% YoY to Rs 106.37 crore. The EBITDA increased by 39.6% YoY to Rs 22.24 crore, while EBITDA margin expanded 71 bps YoY to 20.9%. This was due to better operational efficiencies.
The company's net profit increased 24.4% YoY to Rs 5.41 crore. This was primarily led by 52% YoY decrease in other income partly offset by 25% YoY decrease 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.