Balrampur Chini Mills Ltd posted Q2FY17 standalone net profit at Rs.106 crore : Beats Estimates

India Infoline Research Team | November 15, 2016 16:10 IST

Balrampur Chini Mills Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 937 78.1
EDITDA 173 12,714.8
EBITDA Margin (%) 18.5 1,820
Net Profit (adjusted) 106 -
***EBITDA margin change is bps

Balrampur Chini Mills Ltd posted robust Q2FY17 numbers. Its consolidated numbers came in much above Bloomberg estimates. Revenue was 55.9% above estimates of Rs 601 cr.  Company’s net profit too stood 99.2% above the estimates of Rs 53.2 cr.

Company’s net revenue rose sharply by 78.3% to Rs 937 cr. This was driven by 91.8% and 32% increase in revenues from Sugar and Distillery segments.

EBITDA soared to Rs 173 cr in the current quarter from Rs 1.35 cr in Q2FY16. EBITDA margin expanded by 1820 bps yoy to 18.5%.

Company posted a net profit of Rs 106 cr as against a net loss of Rs 13.59 cr during the corresponding quarter of last year.

Company board has announced share buy back of 4.08% of total paid up equity capital at Rs 175 each.

Technical View:

Balrampur Chini Mills Ltd ended at Rs. 113, down by 2.9 points or 2.5% from its previous closing of Rs. 115.9 on the BSE.
The scrip opened at Rs. 115.9 and touched a high and low of Rs. 116.5 and Rs. 108.3 respectively. A total of 800490(NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.

BSE 145.60 0.15 (0.10%)
NSE 144.90 [0.90] ([0.62]%)

***Note: This is a NSE Chart



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