Container Corporation Of India Ltd's Q2FY17 standalone net profit declines 31.93% yoy to Rs.157.84 crore : Estimates Mixed

India Infoline Research Team | November 15, 2016 18:44 IST

Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,378.61 [8.2]
EDITDA 228.80 [26.4]
EBITDA Margin (%) 16.6 [410]
Net Profit (adjusted) 157.84 [31.9]
***EBITDA margin change is bps


Container Corporation of India Ltd reported its Q2FY17 numbers in mix bag with Bloomberg estimates. Revenue was reported 6.9% below estimate of Rs 1480 cr while EBITDA margin was 194 bps above the estimate of 15% and net profit was reported 25% lower than the estimated figure of Rs 210 cr.
Revenue for the quarter decreased marginally by 8.2% yoy to Rs 1379 cr.
Reported EBITDA decreased by 26.4% yoy to Rs 229 cr while EBITDA margins contracted by 410 bps to 17%. This was largely due to 18.8% and 42% yoy increase in other operating and other expenses respectively.
Net profit decreased by 31.9% yoy to Rs 158 cr primarily due to 11.6% yoy decrease in other income.

Technical View:

Container Corporation Of India Ltd ended at Rs. 1318.85, down by 29 points or 2.15% from its previous closing of Rs. 1347.85 on the BSE.
The scrip opened at Rs. 1340 and touched a high and low of Rs. 1366 and Rs. 1290.55 respectively. A total of 277360(NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.

BSE 1,120.90 [20] ([1.75]%)
NSE 1,122.40 [14] ([1.23]%)

***Note: This is a NSE Chart

 

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