Quarterly Result: Bombay Rayon Fashions Ltd
Bhagyashree Vivarekar / 13 Dec 2016
Bombay Rayon Fashions Ltd., is currently trading at Rs. 142.35, down by 1.05 points or 0.73% from its earlier closing of Rs. 143.4 on the BSE. The company has posted a net loss of Rs. 53.6 cr vs net profit of Rs 20.7 cr in Q2 FY16, partially triggered by 5% yoy increase in finance cost.
Technical View:
Bombay Rayon Fashions Ltd., is currently trading at Rs. 142.35, down by 1.05 points or 0.73% from its earlier closing of Rs. 143.4 on the BSE.
The scrip has touched a high and low of Rs. 145.55 and Rs. 141.15 respectively, after opening at 145.55. Altogether 106488(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 200 DMA.
Standalone Results Q2FY17:
Bombay Rayon Ltd., has reported its Q2FY17 numbers after market hours.
The quarter's revenue has dropped marginally by 1.2% yoy to Rs 982 cr.
Bombay Rayon's EBITDA has dropped by 41.3% yoy to Rs 136 cr while EBITDA margins have contracted by 945 bps yoy to 13.8%, triggered by 13% yoy increase in COGS.
The company has posted a net loss of Rs. 53.6 cr vs net profit of Rs 20.7 cr in Q2 FY16, partially triggered by 5% yoy increase in finance cost.
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