Quarterly Result: Shilpa Medicare Ltd
Bhagyashree Vivarekar / 25 Nov 2016
Shilpa Medicare Ltd., ended at Rs. 623.6, up by 51.3 points or 8.96% from its earlier closing of Rs. 572.3 on the BSE.The company's net profit has ballooned 22.8% yoy to Rs 33.19 cr against adjusted net profit.
Technical View:
Shilpa Medicare Ltd., ended at Rs. 623.6, up by 51.3 points or 8.96% from its earlier closing of Rs. 572.3 on the BSE.
The scrip touched a high and low of Rs. 632.95 and Rs. 569.4 respectively, after opening at 573.7. In totality 568366(NSE+BSE) shares have been traded on the counter so far; and the stock is trading below its 50 DMA.
Standalone Results Q2FY17:
Bloomberg estimates have been beaten by Shilpa Medicare Ltd’s Q2FY17 standalone numbers. Revenue for the period has come in 7.3% higher than the estimate of Rs 182 cr. Reported net profit for the period has come in 21.1% higher than the estimate of Rs 27 cr.
The quarter's revenue has surged by 18.7% yoy to Rs 195.59 cr.
Shilpa's EBITDA has soared by 21.5% yoy to Rs 48.89 cr while EBITDA margins have widened 58 bps yoy to 25%, anchored by 12% yoy decline in other expenses and improved operational efficiencies.
The company's net profit has ballooned 22.8% yoy to Rs 33.19 cr against adjusted net profit, triggered by 37% yoy depletion in finance cost.
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