Manpasand Beverages Ltd's Q2FY17 standalone net profit rises 24% yoy to Rs.5.41 crore : Misses Estimates

India Infoline Research Team | November 24, 2016 13:28 IST

Manpasand Beverages Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 106 34
EDITDA 22.23 39
EBITDA Margin (%) 21 72
Net Profit (adjusted) 5.41 24
***EBITDA margin change is bps

Manpasand Beverages Ltd posted a revenue growth of 34% yoy in 2QFY17 missing estimates by 8% and a 24% net profit growth to Rs 5.41 Cr. However, it missed estimates by ~22%.

Manpasand reported a below estimate revenue growth of 34% yoy to Rs 106 Cr. The growth was impacted by slower traction in consumer demand for its flagship Mango Sip and other new launches.

EBITDA surged 39% yoy to Rs 22.23 Cr due to higher revenues. The growth was in spite of 96% yoy employee benefit costs.

Net profit grew 24% yoy to Rs 5.41 Cr missing estimates of Rs 7 Cr. This was supported by 25% yoy decline in finance cost.

Technical View:

Manpasand Beverages Ltd is currently trading at Rs. 646.15, up by 29.55 points or 4.79% from its previous closing of Rs. 616.6 on the BSE.
The scrip opened at Rs. 620 and has touched a high and low of Rs. 658 and Rs. 616 respectively. So far 219027(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 619.25 11.45 (1.88%)
NSE 616.90 9.05 (1.49%)

***Note: This is a NSE Chart

 

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