Fag Bearings India Q1 CY17 standalone net profit rises 38.7% yoy to Rs.57.4 crore

India Infoline Research Team | April 21, 2017 13:12 IST

Fag Bearings India Ltd Q1CY17

Standalone Results Q1CY17: (Rs. in crore)

Q1CY17 YoY (%)
Revenue 461.2 11.7
EDITDA 88.3 23.7
EBITDA Margin (%) 19.2 186
Net Profit (adjusted) 57.4 38.7
***EBITDA margin change is bps


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.


Technical View:

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.

BSE 4,890.00 [2.80] ([0.06]%)
NSE 4,899.10 [1] ([0.02]%)

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • FREE Demat A/c + Rs.2000 Cashback ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.
welcome to iifl