Quarterly Result: J Kumar Infraprojects Ltd.
Bhagyashree Vivarekar / 09 Dec 2016
J Kumar Infraprojects Ltd ended at Rs 192.95, up by 6.15 points or 3.29 per cent from its previous close of Rs 186.8 on the BSE. Its net profit rose 5.4 per cent YoY to Rs 23 crore.
Technical View:
J Kumar Infraprojects Ltd ended at Rs 192.95, up by 6.15 points or 3.29 per cent from its previous close of Rs 186.8 on the BSE.
The scrip opened at Rs 192 and touched a high and low of Rs 194.15 and Rs 189, respectively. A total of 244461 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.
Standalone Results Q2FY17:
J Kumar Infraprojects Ltd.’s standalone Q2FY17 results were below Bloomberg estimates. The company's revenue was 6.4 per cent lower than the estimate of Rs 359 crore. Its reported net profit for the period stood 6.9 per cent lower than the estimated figure of Rs 25 crore.
The revenue for the quarter declined 6.4 per cent YoY to Rs 309.71 crore.
The company's EBITDA for the quarter decreased 6.1 per cent YoY to Rs 56.31 crore, while EBITDA margins largely remained flattish at 18.18 per cent.
Its net profit rose 5.4 per cent YoY to Rs 23 crore. This was primarily driven by 107 per cent jump in other income.
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