Fiem Industries Ltd's Q2FY17 standalone net profit rises 12.2% yoy to Rs.14.08 crore : Misses Estimates

India Infoline Research Team | November 15, 2016 13:33 IST

Fiem Industries Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 291.84 23.6
EDITDA 36.04 23.1
EBITDA Margin (%) 12.4 [5]
Net Profit (adjusted) 14.08 12.3
***EBITDA margin change is bps

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.
Technical View:

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]%)

***Note: This is a NSE Chart

 

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