Quarterly Results: IL&FS Transportation Networks Ltd
Bhagyashree Vivarekar / 02 Dec 2016
IL&FS Transportation Networks Ltd is currently trading at Rs 96, down by 5.3 points or 5.23% from its previous close of Rs 101.3 on the BSE. The net profit tanked by 46% YoY to Rs 57 crore.
Technical View:
IL&FS Transportation Networks Ltd is currently trading at Rs 96, down by 5.3 points or 5.23% from its previous close of Rs 101.3 on the BSE.
The scrip opened at Rs 101.75 and has touched a high and low of Rs 101.75 and Rs 95.20, respectively. A total of 1031654 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
IL&FS Transportation Ltd’s came up with its disappointing standalone Q2FY17 results today. The company's revenue for the quarter decreased 26.5% YoY to Rs 978.24 crore. Its EBITDA declined 33.8% YoY to Rs 297.38 crore led by contraction in EBITDA margin of 336 bps YoY at 30.4%
The net profit tanked by 46% YoY to Rs 57 crore. This was led by 32% YoY jump in finance cost.
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