Jay Bharat Maruti Ltd's Q2FY17 standalone net profit rises 31.3% yoy to Rs.13.13 crore

India Infoline Research Team | October 17, 2016 12:00 IST

Jay Bharat Maruti Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 362.36 10.1
EDITDA 34.15 13.8
EBITDA Margin (%) 9.4 30
Net Profit (adjusted) 13.13 31.3
***EBITDA margin change is bps

The standalone net revenue for the quarter grew by 10% yoy to Rs. 362.36 cr led by volume growth in Maruti Suzuki India Limited (MSIL). MSIL sales volume improved 16% YOY in Q2 FY17.

The standalone EBITDA grew by 13.8% yoy to Rs. 34.15 cr due to healthy revenue growth and improvement in EBITDA margins by 30 bps yoy. The standalone EBITDA margin for Q2FY17 stood at 9.42% against 9.12% of corresponding quarter of last year.

The standalone net profit grew 31% yoy to Rs. 13.13 cr against Rs. 10 cr of corresponding quarter of previous year.

Technical View:

Jay Bharat Maruti Ltd is currently trading at Rs. 249.3, down by 11.8 points or 4.52% from its previous closing of Rs. 261.1 on the BSE.
The scrip opened at Rs. 265 and has touched a high and low of Rs. 267 and Rs. 249.3 respectively. So far 281187(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 301.50 [5.95] ([1.94]%)
NSE 302.95 [3.60] ([1.17]%)

***Note: This is a NSE Chart

 

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