Aditya Birla Fashion & Retail Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||8.7|||
|Net Profit (adjusted)||64.89||7.0|
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.
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%)
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