Atul Auto Ltd's Q2FY17 standalone net profit rises marginally by 2.52% yoy to Rs.13.81 crore : Estimates Mixed

India Infoline Research Team | November 12, 2016 17:18 IST

Atul Auto Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 143.49 0.
EDITDA 22 0.0
EBITDA Margin (%) 15 0
Net Profit (adjusted) 14 2.5
***EBITDA margin change is bps


Atul Auto’s Standalone numbers for Q2FY17 came in mix bag with Bloomberg estimates. Revenue came in 23.8% lower than the estimate of Rs 188 cr. EBITDA margin was lower by 546 bps from the estimate of 10% and net profit was 8.1% higher than the estimated figure of Rs 13 cr.
Revenue for the quarter was flat at Rs 143 cr. 
Reported EBITDA was also flat at 22 cr.
Net profit increased marginally by 2.5% yoy to Rs 14 cr primarily due to Rs 60 lacs increase in other income and Rs 20 lacs decrease in finance cost.
Technical View:

Atul Auto Ltd ended at Rs. 469.2, down by 11 points or 2.29% from its previous closing of Rs. 480.2 on the BSE.
The scrip opened at Rs. 480 and touched a high and low of Rs. 480 and Rs. 465 respectively. A total of 13787(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

BSE 428.15 [11.60] ([2.64]%)
NSE 427.55 [10.50] ([2.40]%)

***Note: This is a NSE Chart

 

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