Quarterly Result: Man Industries (India) Ltd
Bhagyashree Vivarekar / 14 Dec 2016
Man Industries (India) Ltd., is currently trading at Rs. 46, up by 0.15 points or 0.33% from its earlier closing of Rs. 45.85 on the BSE. The company's net profit has dropped 51.7% yoy to Rs 9.3 cr, triggered by 15.7% yoy drop in other income.
Technical View:
Man Industries (India) Ltd., is currently trading at Rs. 46, up by 0.15 points or 0.33% from its earlier closing of Rs. 45.85 on the BSE.
The scrip has touched a high and low of Rs. 47.4 and Rs. 45.9 respectively, after opening at 46.35. Altogether 211024(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 200 DMA.
Standalone Results Q2FY17:
Man Industries Ltd., has reported its Q2FY17 standalone numbers after market hours.
The quarter's revenue has dropped 21.4% yoy to Rs 252 cr.
Man's EBITDA has dropped 51% yoy to Rs 18 cr while EBITDA margins have depleted by 422 bps yoy to 7%, attributed to effect of scale.
The company's net profit has dropped 51.7% yoy to Rs 9.3 cr, triggered by 15.7% yoy drop in other income.
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