Time Technoplast Ltd's Q2FY17 consolidated net profit rises 18.66% yoy to Rs.35.61 crore : Beats Estimates

India Infoline Research Team | November 15, 2016 16:56 IST

Time Technoplast Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 653.61 6.9
EDITDA 97.26 8.5
EBITDA Margin (%) 14.9 21
Net Profit (adjusted) 35.61 18.7
***EBITDA margin change is bps


Time Tecnoplast Ltd reported its Q2FY17 numbers above Bloomberg estimates. Revenue was reported in-line with estimate of Rs 657 cr, while net profit was reported 5% higher than the estimated figure of Rs 33.9 cr.
Revenue for the quarter increased marginally by 6.9% yoy to Rs 654 cr.
The EBITDA increased by 8.5% yoy to Rs 97 cr while EBITDA margins improved by 21 bps at 14.9%
Net profit increased by 18.7% yoy to Rs 36 cr primarily due to Rs 0.5 cr yoy increase in other income From 0.1 cr  in Q2FY16 to Rs 0.6 cr in Q2FY17.

Technical View:

Time Technoplast Ltd is currently trading at Rs. 89.95, down by 6.9 points or 7.12% from its previous closing of Rs. 96.85 on the BSE.
The scrip opened at Rs. 96 and has touched a high and low of Rs. 96 and Rs. 89 respectively. So far 210774(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 91.40 [0.55] ([0.60]%)
NSE 91.45 [0.25] ([0.27]%)

***Note: This is a NSE Chart

 

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