Chambal Fertilisers & Chemicals Ltd's Q2FY17 standalone net profit declines 1.48% yoy to Rs.127.11 crore : Estimates Mixed

India Infoline Research Team | November 12, 2016 14:55 IST

Chambal Fertilisers & Chemicals Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 2,238.11 [18.7]
EBITDA 247.10 2.0
EBITDA Margin (%) 11 224
Net Profit (adjusted) 127.11 [1.5]
***EBITDA margin change is bps

Chambal Fertilisers and Chemicals Ltd’s Q2FY17 standalone numbers are mixed compared to Bloomberg estimates. Revenue for the period came in 6.5% below estimate of Rs 2,395 cr. However, reported net profit for the period came in 4.7% above the estimate of Rs 121 cr.
Revenue for the quarter declined by 18.7% yoy to Rs 2,238.11 cr. Revenue from fertilisers segment declined 16% yoy to Rs 2170.12 cr whereas revenue from shipping segment declined 58% yoy to Rs 67.98 cr.

EBITDA improved by 2% yoy to Rs 247.10 cr while EBITDA margins expanded 224 bps yoy to 11%. Margins improved on the back of operational efficiencies and 33% yoy reduction in other expenses to Rs 240.67 cr.

Net profit dipped by 1.48% yoy to Rs 127.11 cr. Other income decreased 19% yoy to Rs 28.23cr.
Technical View:

Chambal Fertilisers & Chemicals Ltd ended at Rs. 60.15, down by 1.1 points or 1.8% from its previous closing of Rs. 61.25 on the BSE.
The scrip opened at Rs. 60.1 and touched a high and low of Rs. 61.5 and Rs. 60 respectively. A total of 269858(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 141.00 [0.65] ([0.46]%)
NSE 141.15 [0.95] ([0.67]%)

***Note: This is a NSE Chart



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