Sadbhav Engineering Ltd's Q2FY17 standalone net profit declines 33.36% yoy to Rs.18.52 crore : Estimates Mixed

India Infoline Research Team | November 28, 2016 14:30 IST

Sadbhav Engineering Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 615.63 [17.5]
EDITDA 65.36 [19.1]
EBITDA Margin (%) 10.6 [20]
Net Profit (adjusted) 18.52 [33.4]
***EBITDA margin change is bps


Sadbhav Engineering Ltd.’s standalone Q2FY17 result came in mix against Bloomberg estimates. Revenue came in 18.7% lower than the estimate of Rs 757 cr. EBITDA stood at 20.8% higher than the estimate of Rs 54 cr. Net profit was 48.7% lower than the estimated figure of Rs 36 cr.

Revenue for the quarter decreased 17.5% yoy to Rs 615.63 cr. 

EBITDA decreased by 19.1% yoy to Rs 65.36 cr and EBITDA margins contracted by 20 bps to 10.6%. This was primarily driven by 11% yoy rise employee benefit expenses.

Net profit tanked 33.4% yoy to Rs 18.52 cr. This was led by 80% yoy dropped in other income and 33% jump in finance cost.

Technical View:

Sadbhav Engineering Ltd is currently trading at Rs. 268, down by 7.3 points or 2.65% from its previous closing of Rs. 275.3 on the BSE.
The scrip opened at Rs. 277 and has touched a high and low of Rs. 279 and Rs. 261 respectively. So far 217539(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 276.05 [0.55] ([0.20]%)
NSE 274.95 0.40 (0.15%)

***Note: This is a NSE Chart

 

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