Fag Bearings India Q1 CY17 standalone net profit rises 38.7% yoy to Rs.57.4 crore

India Infoline Research Team | April 21, 2017 13:12 IST

Fag Bearings India Ltd Q1CY17

Standalone Results Q1CY17: (Rs. in crore)

Q1CY17 YoY (%)
Revenue 461.2 11.7
EDITDA 88.3 23.7
EBITDA Margin (%) 19.2 186
Net Profit (adjusted) 57.4 38.7
***EBITDA margin change is bps

Fag bearing's standalone revenue for the quarter came in at Rs. 461.2 crore, registering 11.7% yoy increase.

EBITDA for the quarter rose by 23.7% yoy to Rs. 88.3 crore with a corresponding margin expansion of 186 bps. EBITDA margin for the quarter stood at 19.1%. This margin expansion was aided by decline  in purchase of stock in trade by 18.4% yoy

PAT for the quarter came in at Rs. 57.4 crore, yoy increase of 38.7%. This was partially driven by decrease in finance cost by 16.7 yoy.

Technical View:

Fag Bearings India Ltd is currently trading at Rs. 4772.95, up by 84.5 points or 1.8% from its previous closing of Rs. 4688.45 on the BSE.
The scrip opened at Rs. 4749.65 and has touched a high and low of Rs. 4818.8 and Rs. 4660 respectively. So far 7192(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 5,100.00 33.50 (0.66%)
NSE 5,088.90 48.45 (0.96%)

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.



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