Deepak Fertilizers & Petrochemicals Corp Ltd's Q2FY17 standalone net profit declines 4.77% yoy to Rs.26.96 crore.

India Infoline Research Team | November 17, 2016 18:13 IST

Deepak Fertilizers & Petrochemicals Corp Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 938 [14.3]
EBITDA 88.37 [8.6]
EBITDA Margin (%) 9.4 60
Net Profit (adjusted) 26.96 [4.8]
***EBITDA margin change is bps


Deepak Fertilisers & Petrochemicals Corporation Ltd reported Q2FY17 standalone result after-market hours.

Revenue for the quarter decreased 14.3% yoy to Rs 938 cr. This was led by 11% and 20 % yoy de-growth in chemical segment and fertilisers segment respectively.

EBITDA decreased by 8.6% yoy to Rs 88.37 cr while EBITDA margins improve by 60 bps yoy at 9.4%. This was primarily driven by drop in purchase of stock in trade of 55% yoy. Also, company witnessed adverse movement in inventory of Rs 125.36 cr. 

Reported net profit declined by 4.8% yoy to Rs 26.96 cr. This was led by 19% yoy decline in finance cost to Rs 26.52 cr. 

Technical View:

Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs. 200, up by 0.05 points or 0.03% from its previous closing of Rs. 199.95 on the BSE.
The scrip opened at Rs. 200.7 and has touched a high and low of Rs. 201.6 and Rs. 195.35 respectively. So far 31559(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 188.10 [4.10] ([2.13]%)
NSE 187.95 [3.20] ([1.67]%)

***Note: This is a NSE Chart

 

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