Balrampur Chini Mills Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||18.5||1,820|
|Net Profit (adjusted)||106||-|
Balrampur Chini Mills Ltd posted robust Q2FY17 numbers. Its consolidated numbers came in much above Bloomberg estimates. Revenue was 55.9% above estimates of Rs 601 cr. Company’s net profit too stood 99.2% above the estimates of Rs 53.2 cr.
Company’s net revenue rose sharply by 78.3% to Rs 937 cr. This was driven by 91.8% and 32% increase in revenues from Sugar and Distillery segments.
EBITDA soared to Rs 173 cr in the current quarter from Rs 1.35 cr in Q2FY16. EBITDA margin expanded by 1820 bps yoy to 18.5%.
Company posted a net profit of Rs 106 cr as against a net loss of Rs 13.59 cr during the corresponding quarter of last year.
Company board has announced share buy back of 4.08% of total paid up equity capital at Rs 175 each.
Balrampur Chini Mills Ltd ended at Rs. 113, down by 2.9 points or 2.5% from its previous closing of Rs. 115.9 on the BSE.
The scrip opened at Rs. 115.9 and touched a high and low of Rs. 116.5 and Rs. 108.3 respectively. A total of 800490(NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.
BSE 117.70 [0.85] ([0.72]%)
NSE 117.85 [0.80] ([0.67]%)
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