Navkar Corporation Ltd's Q2FY17 consolidated net profit rises 12.3% yoy to Rs.22 crore

India Infoline Research Team | November 25, 2016 19:05 IST

Navkar Corporation Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 90 5.2
EDITDA 34 13.3
EBITDA Margin (%) 37.8 269
Net Profit (adjusted) 22 12.3
***EBITDA margin change is bps


Navkar Corporation’s Q2FY17 consolidated revenue for the quarter rose by 5.2% yoy to Rs 90 cr.

EBITDA for the period rose 13.3% yoy to Rs 34 cr with an EBITDA margin expansion of 269 bps to 37.8%. This was primarily due the impact of foreign exchange movements. The company had a net foreign exchange gain of Rs 0.63 cr this quarter versus a loss of Rs 6.91 cr during Q2FY16.

Also, net profit for the quarter rose 12.3% yoy to Rs 22 cr. The difference from EBITDA level performance was due to a 20% yoy decline in other income.

Technical View:

Navkar Corporation Ltd is currently trading at Rs. 176.85, down by 2.5 points or 1.39% from its previous closing of Rs. 179.35 on the BSE.
The scrip opened at Rs. 179.35 and has touched a high and low of Rs. 179.35 and Rs. 175.15 respectively. So far 14037(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 179.50 4.90 (2.81%)
NSE 177.20 1.55 (0.88%)

***Note: This is a NSE Chart

 

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