MOIL Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||1.2||[1,203]|
|Net Profit (adjusted)||30.91||[36.4]|
MOIL Ltd’s Q2FY17 standalone numbers are mixed as compared to our estimates. Revenue for the period came in 38.7% above estimate of Rs 141 cr. However, adjusted net profit for the period came in 23.3% below the estimate of Rs 40 cr.
Revenue for the quarter increased by 32.1% yoy to 196.03 cr on the back of 38% yoy increase in revenue from mining product’s segment to 181.91 cr.
EBITDA declined by 87.6% yoy to Rs 2.44 cr while EBITDA margins dipped 1,203 bps yoy to 1.2%. Drop was due to adverse change in inventory of Rs 54.66 cr, 6% yoy increase in employee costs and 8% yoy increase in other expenses.
Net profit (adjusted) declined by 36.4% yoy to Rs 30.91 cr which was mainly due to operational inefficiencies and other income of 17% yoy.
MOIL Ltd ended at Rs. 337.95, down by 9.4 points or 2.71% from its previous closing of Rs. 347.35 on the BSE.
The scrip opened at Rs. 311.5 and touched a high and low of Rs. 345.15 and Rs. 311.5 respectively. A total of 248688(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
BSE 355.90 [9.25] ([2.53]%)
NSE 355.20 [10.60] ([2.90]%)
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