Deepak Fertilizers & Petrochemicals Corp Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||9.4||60|
|Net Profit (adjusted)||26.96||[4.8]|
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.
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 253.65 [2.60] ([1.01]%)
NSE 252.05 [4.20] ([1.64]%)
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