Fag Bearings India Ltd Q1CY17
Standalone Results Q1CY17: (Rs. in crore)
|EBITDA Margin (%)||19.2||186|
|Net Profit (adjusted)||57.4||38.7|
Fag bearing's standalone revenue for the quarter came in at Rs. 461.2 crore, registering 11.7% yoy increase.
EBITDA for the quarter rose by 23.7% yoy to Rs. 88.3 crore with a corresponding margin expansion of 186 bps. EBITDA margin for the quarter stood at 19.1%. This margin expansion was aided by decline in purchase of stock in trade by 18.4% yoy
PAT for the quarter came in at Rs. 57.4 crore, yoy increase of 38.7%. This was partially driven by decrease in finance cost by 16.7 yoy.
Fag Bearings India Ltd is currently trading at Rs. 4772.95, up by 84.5 points or 1.8% from its previous closing of Rs. 4688.45 on the BSE.
The scrip opened at Rs. 4749.65 and has touched a high and low of Rs. 4818.8 and Rs. 4660 respectively. So far 7192(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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