Muthoot Finance Ltd's Q2FY17 standalone net profit rises 21.6% yoy to Rs.1,381.75 crores : Beats Estimates

India Infoline Research Team | November 11, 2016 13:48 IST

Muthoot Finance Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,382 21.6
EDITDA 1,063 25.9
EBITDA Margin (%) 76.9 260
Net Profit (adjusted) 297 70
***EBITDA margin change is bps
Muthoot Finance Ltd’s Q2FY17 standalone numbers came in above Bloomberg estimates. Revenue was 44.3% above Bloomberg estimates of Rs 957.3 cr. Company’s net profit stood 8.5% above the estimates of Rs 273.6 cr.
Company’s net revenue stood at Rs 1381.75 cr which grew 21.6% during the corresponding quarter of previous year. 

EBITDA surged by 25.9% yoy to Rs 1063 cr and EBITDA margins expanded 260 bps yoy to 76.9%.
Company's net profit rose 70% yoy to Rs 296.72 cr. This was driven by fall in depreciation by 22.5% yoy. 
Company's D/E as of Q2FY17 stands at 3.4x.
Technical View:

Muthoot Finance Ltd is currently trading at Rs. 336, down by 17.95 points or 5.07% from its previous closing of Rs. 353.95 on the BSE.
The scrip opened at Rs. 347.7 and has touched a high and low of Rs. 350.5 and Rs. 322 respectively. So far 1041441(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 292.70 [3.25] ([1.10]%)
NSE 293.20 [2.30] ([0.78]%)

***Note: This is a NSE Chart

 

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