Fiem Industries Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||12.4|||
|Net Profit (adjusted)||14.08||12.3|
FIEM Industries Ltd reported its Q2FY17 numbers below Bloomberg estimates. Revenue was reported in-line with estimate of Rs 290, while net profit was reported 12.2% lower than the estimated figure of Rs 16 cr.
Revenue for the quarter surged 23.6% yoy to Rs 292 cr.
The EBITDA increased by 23.1% yoy to Rs 36 cr while EBITDA margin was flat at 12%.
Net profit increased by 12.3% yoy to Rs 14 cr primarily due to 98% yoy increase in finance cost.
Fiem Industries Ltd is currently trading at Rs. 1155, down by 98.6 points or 7.87% from its previous closing of Rs. 1253.6 on the BSE.
The scrip opened at Rs. 1254 and has touched a high and low of Rs. 1254 and Rs. 1110 respectively. So far 19190(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
BSE 1,088.60 [30.15] ([2.69]%)
NSE 1,086.30 [36.45] ([3.25]%)
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