Goodluck Steel Tubes Ltd's Q2FY17 standalone net profit declines 53.02% yoy to Rs.7.48 crore

India Infoline Research Team | November 11, 2016 19:39 IST

Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 286.13 4.0
EDITDA 22.89 [21.0]
EBITDA Margin (%) 8 [254]
Net Profit (adjusted) 7.48 [53.0]
***EBITDA margin change is bps


Goodluck Steel Tubes Ltd reported its Q2FY17 standalone numbers.
Revenue for the quarter increased marginally by 4% yoy to Rs 286 cr.
Reported EBITDA declined 21% yoy to Rs 23 cr while EBITDA margins contracted by 254 bps yoy to 8%. This was largely due to 49% yoy increase in Employee benefits expenses.
Net profit decreased 53% yoy to Rs 7 cr, primarily due to 24% yoy increase in finance cost.

Technical View:

Goodluck Steel Tubes Ltd is currently trading at Rs. 107.1, down by 3.3 points or 2.99% from its previous closing of Rs. 110.4 on the BSE.
The scrip opened at Rs. 107.65 and has touched a high and low of Rs. 108.5 and Rs. 106.15 respectively. So far 16838(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 90.30 0.80 (0.89%)
NSE 90.20 1.15 (1.29%)

***Note: This is a NSE Chart

 

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