VIP Industries' Q2FY17 standalone net profit inceased 4.2% yoy to Rs.16.32 crore : Beats Estimates

India Infoline Research Team | November 11, 2016 13:01 IST

Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 284.88 [3.3]
EDITDA 23.18 [4.4]
EBITDA Margin (%) 8.1 [9]
Net Profit (adjusted) 16.32 4.2
***EBITDA margin change is bps

VIP Industries’ Q2FY17 numbers came in above Bloomberg estimates. Revenue came in-line with estimate of Rs 289 cr. EBITDA margin was higher by 260 bps from the estimate of 5.5% and net profit was 13.5% higher than the estimated figure of Rs 14.4 cr.
Revenue for the quarter declined marginally by 3.3% yoy to Rs 285 cr. 
The EBITDA fell by 4.4% yoy to Rs 23 cr while EBITDA margins were flat at 8.1%.
Net profit increased 4.2% yoy to Rs 16 cr primarily due to Rs 2.5 cr yoy increase in other income from Rs 0.4 to Rs 2.9 cr.

Technical View:

V I P Industries Ltd is currently trading at Rs. 128.6, down by 8.3 points or 6.06% from its previous closing of Rs. 136.9 on the BSE.
The scrip opened at Rs. 134.6 and has touched a high and low of Rs. 135.6 and Rs. 126.6 respectively. So far 612671(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 118.60 [1.40] ([1.17]%)
NSE 118.90 [1.40] ([1.16]%)

***Note: This is a NSE Chart

 

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