MOIL Ltd's Q2FY17 standalone net profit declines 36.35% yoy to Rs.30.91 crore : Estimates Mixed

India Infoline Research Team | November 12, 2016 15:02 IST

MOIL Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 196.03 32.1
EBITDA 2.44 [87.6]
EBITDA Margin (%) 1.2 [1,203]
Net Profit (adjusted) 30.91 [36.4]
***EBITDA margin change is bps

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.
Technical View:

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]%)

***Note: This is a NSE Chart

 

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