Jain Irrigation Systems Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||13||161|
|Net Profit (adjusted)||28.05||-|
Jain Irrigation Systems Ltd’s Q2FY17 consolidated numbers came in above Bloomberg estimates. Revenue was in line with the Bloomberg estimates of Rs 1468 cr. Company’s EBITDA was 66.8% above the estimated figure of Rs 115 cr. Company’s net profit stood 122.6% above the estimates of Rs 13 cr.
Company’s net revenue stood at Rs 1464.6 cr which grew 8.8% during the corresponding quarter of previous year. This was led by 10.8% drop in cost of materials consumed.
EBITDA surged by 24% yoy to Rs 191 cr and EBITDA margins expanded 161 bps yoy to 13%.
Company posted a net profit of Rs 28.05 cr as against a net loss of Rs 5.42 cr during the corresponding quarter of previous year.
Jain Irrigation Systems Ltd is currently trading at Rs. 102.55, up by 3.05 points or 3.07% from its previous closing of Rs. 99.5 on the BSE.
The scrip opened at Rs. 100.9 and has touched a high and low of Rs. 103 and Rs. 100.05 respectively. So far 3761300(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 94.85 [1.15] ([1.20]%)
NSE 94.80 [1.20] ([1.25]%)
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