Aditya Birla Fashion & Retail Ltd's Q2FY17 standalone net profit rises 7% yoy to Rs.64.89 crore

India Infoline Research Team | November 24, 2016 15:16 IST

Aditya Birla Fashion & Retail Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,886.73 13.1
EDITDA 164.79 4.6
EBITDA Margin (%) 8.7 [72]
Net Profit (adjusted) 64.89 7.0
***EBITDA margin change is bps

Aditya Birla Fashion and Retail Ltd (ABFRL) reported its Q2FY17 standalone numbers.
 
Company’s revenue for the quarter increased by 13.1% yoy to Rs 1886.73 cr. Company’s Pantaloon brand contributed Rs 726.71 cr to revenues and reported yoy growth of 21.7%. Its major brand Madura Fashion & Lifestyle witnessed yoy growth of 4.8%. During the quarter company entered into a partnership with UK’s one of the biggest brands Ted Baker.

Its EBITDA too rose by 4.6% yoy to Rs 164.79 cr while EBITDA margin contracted 72 bps to 8.7%. Company’s Rent expenses and other expenses grew by 14.8% and 8.7% yoy respectively.
 
Net profit increased by 7% yoy to Rs 64.89 cr. This was partially driven by 18.9% yoy increase in other income.


Technical View:

Aditya Birla Fashion & Retail Ltd is currently trading at Rs. 138.35, down by 0.5 points or 0.36% from its previous closing of Rs. 138.85 on the BSE.
The scrip opened at Rs. 139.1 and has touched a high and low of Rs. 140 and Rs. 135.9 respectively. So far 191462(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 140.20 1.50 (1.08%)
NSE 140.75 2.55 (1.85%)

***Note: This is a NSE Chart

 

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