Aarti Industries Ltd's Q2FY17 standalone net profit rises 24.16% yoy to Rs.76 crore : Beats Estimates

India Infoline Research Team | November 11, 2016 17:26 IST

Aarti Industries Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 710.25 1.4
EDITDA 150.94 23.7
EBITDA Margin (%) 21.3 383
Net Profit (adjusted) 76 24.2
***EBITDA margin change is bps


Aarti Industries Ltd reported its standalone numbers for Q2FY17 
Revenue for the quarter increased marginally by 1.4% yoy to Rs 710 cr. 
Reported EBITDA surged 23.7% yoy to Rs 151 cr while EBITDA margins expanded by 383 bps yoy to 21%. This was largely due to 10.6% yoy decline in cost of goods sold.
Net profit increased 24.2% yoy to Rs 76 cr.

Technical View:

Aarti Industries Ltd is currently trading at Rs. 714, down by 8.1 points or 1.12% from its previous closing of Rs. 722.1 on the BSE.
The scrip opened at Rs. 718.75 and has touched a high and low of Rs. 724 and Rs. 714 respectively. So far 8499(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 716.75 [4.55] ([0.63]%)
NSE 712.95 [10.85] ([1.50]%)

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.