Gabriel India Ltd's Q2FY17 standalone net profit rises 11% yoy to Rs.21 crore : Misses Estimates

India Infoline Research Team | November 11, 2016 15:16 IST

Gabriel India Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 398 6
EDITDA 38 15
EBITDA Margin (%) 9.6 75
Net Profit (adjusted) 21 11
***EBITDA margin change is bps

In 2QFY17, Gabriel India Ltd (Gabriel) posted a 6% yoy rise in revenue; however missed estimates by ~7%. EBITDA grew ~15% yoy to Rs 38 Cr. Net profit grew 11% yoy to Rs 21 Cr in line with estimates.

Gabriel posted a 6% yoy rise in revenue to Rs 398 Cr. Analysts expected revenues at Rs 430 Cr.

EBITDA at Rs 38 Cr grew 15% yoy. This was largely due to stable costs and revenue growth. This led to margin expansion of 75 bps yoy to 9.6%.

Net Profit grew 11% yoy to Rs 184 Cr largely due to lower topline growth and a 44% yoy decline in financial cost.
Technical View:

Gabriel India Ltd is currently trading at Rs. 119.4, down by 3.1 points or 2.53% from its previous closing of Rs. 122.5 on the BSE.
The scrip opened at Rs. 122.95 and has touched a high and low of Rs. 122.95 and Rs. 118 respectively. So far 113791(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 194.50 0.35 (0.18%)
NSE 190.70 [2.25] ([1.17]%)

***Note: This is a NSE Chart

 

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