INEOS Styrolution India Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||8||617|
|Net Profit (adjusted)||19.20||29.3|
INEOS Styrolution India Ltd’s posted its Q2FY17 numbers.
Company’s net revenue declined marginally by 2.4% yoy to Rs 440 cr. This was due to 9% decline in revenues from specialties segment.
EBITDA surged sharply to Rs 35.31 cr from Rs 8 cr in the corresponding quarter of previous year. EBITDA margins expanded 617 bps yoy to 8%. This was on account of 11.8% drop in cost of materials consumed.
Company's net profit rose 29.3% yoy to Rs 19.2 cr. This was driven by 55% drop in finance costs.
INEOS Styrolution India Ltd is currently trading at Rs. 602, down by 6.6 points or 1.08% from its previous closing of Rs. 608.6 on the BSE.
The scrip opened at Rs. 615 and has touched a high and low of Rs. 615 and Rs. 600 respectively. So far 2457(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
BSE 739.00 [7.70] ([1.03]%)
NSE 737.95 [10.05] ([1.34]%)
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