Quarterly Result: Waterbase Ltd
Bhagyashree Vivarekar / 25 Nov 2016
Waterbase Ltd is currently trading at Rs. 96.5, down by 0.6 points or 0.62% from its previous closing of Rs. 97.1 on the BSE. Net profit declined by 59.6% yoy to Rs 2.6 cr. this was primarily due to Rs 1.2 cr yoy increase in finance cost.
Technical View:
Waterbase Ltd is currently trading at Rs. 96.5, down by 0.6 points or 0.62% from its previous closing of Rs. 97.1 on the BSE.
The scrip opened at Rs. 99.7 and has touched a high and low of Rs. 99.7 and Rs. 94.6 respectively. So far 57567(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
Standalone Results Q2FY17:
The Waterbase Ltd’s Q2FY17 numbers came in below Bloomberg estimates. Revenue came in 43.7% higher than the street estimate of Rs 142 cr and net profit was reported 65.9% lower than estimate of Rs 7.6 cr.
Revenue for the quarter declined 14.8% yoy to Rs 80 cr.
Reported EBITDA decreased by 42.5% yoy to Rs 5 cr while EBITDA margins declined by 307 bps yoy to 6.4% largely due to 25.8% yoy increase in employee benefits expense.
Net profit declined by 59.6% yoy to Rs 2.6 cr. this was primarily due to Rs 1.2 cr yoy increase in finance cost.
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