BEML Ltd's Q2FY17 standalone net loss narrows to Rs.16.60 crore yoy : Beats Estimates

India Infoline Research Team | November 25, 2016 16:00 IST


Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 453.52 [33.0]
EBITDA [0.38] -
EBITDA Margin (%) -0.1 105
Net Profit (adjusted) [16.60] -
***EBITDA margin change is bps

BEML Ltd.’s standalone Q2FY17 result beats Bloomberg estimates. Revenue came in 3.9% higher than the estimate of Rs 437 cr.
Reported net loss for the period stood at Rs 17 cr versus estimated net loss of Rs 65 cr.

Revenue for the quarter decreased 33% yoy to Rs 453.52 cr. 

EBITDA loss for the quarter was at Rs 0.38 cr against Rs 7.64 cr EBITDA loss during the corresponding quarter of previous year.

Net loss for the quarter stood at Rs 16.6 cr versus Rs 24.62 cr net loss in Q2FY16. This was primarily driven by 14% yoy increase in other income and 11% yoy drop in finance cost.

Technical View:

BEML Ltd ended at Rs. 803.9, up by 16.25 points or 2.06% from its previous closing of Rs. 787.65 on the BSE.
The scrip opened at Rs. 800 and touched a high and low of Rs. 808 and Rs. 777.2 respectively. A total of 328216(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 1,590.00 [1] ([0.06]%)
NSE 1,587.60 [3.65] ([0.23]%)

***Note: This is a NSE Chart



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