Quarterly Results: BEML Ltd.
Bhagyashree Vivarekar / 25 Nov 2016
BEML Ltd., ended at Rs. 803.9, up by 16.25 points or 2.06% from its earlier closing of Rs. 787.65 on the BSE. Company's net loss stands at Rs 16.6 cr versus Rs 24.62 cr net loss in Q2FY16.
Technical View:
BEML Ltd., ended at Rs. 803.9, up by 16.25 points or 2.06% from its earlier closing of Rs. 787.65 on the BSE.
The scrip touched a high and low of Rs. 808 and Rs. 777.2 respectively, after opening at 800. Altogether 328216(NSE+BSE) shares have been traded on the counter so far; and the stock is trading above its 200 DMA.
Standalone Results Q2FY17:
Bloomberg estimates have been beaten by BEML Ltd.’s standalone Q2FY17 results. Revenue has come in 3.9% above the estimate of Rs 437 cr.
Reported net loss for the period standsd at Rs 17 cr against estimated net loss of Rs 65 cr.
The quarter's revenue depleted 33% yoy to Rs 453.52 cr.
BEML's EBITDA loss for the quarter stands at Rs 0.38 cr vs Rs 7.64 cr EBITDA loss during the same quarter of last year.
Company's net loss stands at Rs 16.6 cr versus Rs 24.62 cr net loss in Q2FY16, triggered by 14% yoy increase in other income and 11% yoy drop in finance cost.
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