Graphite India Ltd's Q2FY17 standalone net profit declines 53.01% yoy to Rs.15.94 crore

India Infoline Research Team | December 01, 2016 14:49 IST

Graphite India Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 340.16 0.5
EDITDA 14.1 [68.4]
EBITDA Margin (%) 4.1 [902]
Net Profit (adjusted) 15.94 [53.0]
***EBITDA margin change is bps


Graphite India Ltd reported its standalone numbers for Q2FY17.
Revenue for the quarter was flat.
Reported EBITDA fell by 68.4% yoy to Rs 14.1 cr while EBITDA margins declined by 902 bps yoy to 4.1%. This was largely due to 8.5% and 28% yoy increase in COGS and power and fuel expense respectively.
Net profit declined by 53% yoy to Rs 16 cr. 

Technical View:

Graphite India Ltd is currently trading at Rs. 76.5, up by 0.6 points or 0.79% from its previous closing of Rs. 75.9 on the BSE.
The scrip opened at Rs. 76.1 and has touched a high and low of Rs. 76.75 and Rs. 75 respectively. So far 43172(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

BSE 73.90 [2.75] ([3.59]%)
NSE 73.60 [2.55] ([3.35]%)

***Note: This is a NSE Chart

 

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