Clariant Chemicals (India) Ltd's Q2FY17 standalone net profit declines 27% yoy to Rs.3.5 crore

India Infoline Research Team | December 01, 2016 19:37 IST

Clariant Chemicals (India) Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 255 2.7
EDITDA 13.4 19.0
EBITDA Margin (%) 5.3 72
Net Profit (adjusted) 3.5 [27]
***EBITDA margin change is bps


Clariant Chemical Ltd. reported its Q2FY17 standalone numbers market hours.
Revenue for the quarter increased marginally by 2.7% yoy to Rs 255 cr. 
Reported EBITDA surged by 19% yoy to Rs 13.4 cr while EBITDA margins improved by 72 bps yoy to 5.2%. This was largely due to operational efficiency.
Adjusted net profit declined by 27% yoy to Rs 3.5 cr primarily due to 65.4% yoy decline in other income.

Technical View:

Clariant Chemicals (India) Ltd is currently trading at Rs. 730.1, down by 7.95 points or 1.08% from its previous closing of Rs. 738.05 on the BSE.
The scrip opened at Rs. 735 and has touched a high and low of Rs. 742 and Rs. 730.1 respectively. So far 18250(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 708.60 [26.10] ([3.55]%)
NSE 711.00 [20.25] ([2.77]%)

***Note: This is a NSE Chart

 

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