Quarterly Results: BGR Energy Systems Ltd
Bhagyashree Vivarekar / 02 Dec 2016
BGR Energy Systems Ltd's net profit for the Q2FY17 was Rs 11 crore, as against Rs 8 crore during the corresponding period. It is currently trading at Rs 112.70, up by 1.4 points or 1.26% from its previous close of Rs 111.30 on the BSE.
Technical View:
BGR Energy Systems Ltd is currently trading at Rs 112.70, up by 1.4 points or 1.26% from its previous close of Rs 111.30 on the BSE.
The scrip opened at Rs 109.85 and has touched a high and low of Rs 113.80 and Rs 109.85, respectively. A total of 238240 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
Standalone Results Q2FY17:
BGR Energy Systems’s Q2FY17 declared its standalone numbers after market hours today. The company's net revenue for the quarter was marginally lower, down 0.7% YoY to Rs 828 crore. This was primarily due to a 3.2% YoY decline in revenues from the construction & EPC contracts segment.
Its EBITDA for the quarter also dropped marginally by 0.8% YoY to Rs 75 crore with EBITDA margins shrinking one bps.
However, the company's net profit for the Q2FY17 was Rs 11 crore, as against Rs 8 crore during the corresponding period last year. This was largely due to the impact of 10.9% YoY decline in finance costs.
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