Uflex Ltd's Q2FY17 consolidated net profit rises 16.8% yoy to Rs.90.35 crore

India Infoline Research Team | November 25, 2016 20:22 IST

Uflex Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,535 1.6
EDITDA 228 6.4
EBITDA Margin (%) 14.9 66
Net Profit (adjusted) 90.4 16.8
***EBITDA margin change is bps


Uflex Ltd reported its Q2FY17 numbers post market hours.
Revenue for the quarter increased marginally by 1.6% yoy to Rs 1535 cr.
Reported EBITDA increase by 6.4% yoy to Rs 228 cr while EBITDA margins improved by 66 bps yoy to 14.9% largely due to operational efficiency.
Net profit surged 16.8% yoy to Rs 90.4 cr. this was primarily due to 4% yoy decrease in effective tax rate.

Technical View:

Uflex Ltd is currently trading at Rs. 262.85, up by 8.4 points or 3.3% from its previous closing of Rs. 254.45 on the BSE.
The scrip opened at Rs. 256.95 and has touched a high and low of Rs. 263.85 and Rs. 255.9 respectively. So far 225843(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 259.70 [6.25] ([2.35]%)
NSE 260.00 [6.25] ([2.35]%)

***Note: This is a NSE Chart

 

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