Quarterly Result: MBL Infrastructures Ltd
Bhagyashree Vivarekar / 14 Dec 2016
MBL Infrastructure Ltd., is currently trading at Rs. 78.05, down by 4.1 points or 4.99% from its earlier closing of Rs. 82.15 on the BSE. Net loss of company stands at Rs 123 cr against net profit of Rs 17.63 cr in Q2FY16, triggered by surge in finance cost by 5% yoy and other income depleting by 16% yoy.
Technical View:
MBL Infrastructure Ltd., is currently trading at Rs. 78.05, down by 4.1 points or 4.99% from its earlier closing of Rs. 82.15 on the BSE.
The scrip has touched a high and low of Rs. 83.2 and Rs. 78.05 respectively, after opening at 83.1. By far 448496(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 200 DMA.
Standalone Results Q2FY17:
Bloomberg estimates were higher than MBL Infrastructure Ltd.’s actual Q2FY17 standalone numbers. Revenue for the period has come in 32.4% lesser than the estimate of Rs 550 cr. The Company has reported net loss of Rs 122.79cragainst estimated profit of Rs 16 cr.
The quarter's revenue has depleted 8.4% yoy to Rs 371.93 cr.
MBL's EBITDA loss stands at Rs (180) cr in Q2FY17 against positive EBITDA of Rs 47 cr in Q2FY16, triggered by 72% surge in cost of material consumed.
Net loss of company stands at Rs 123 cr against net profit of Rs 17.63 cr in Q2FY16, triggered by surge in finance cost by 5% yoy and other income depleting by 16% yoy.
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