GMR Infrastructure Q2FY18 standalone net loss narrows to Rs.16.6 crore

India Infoline Research Team | November 15, 2017 09:42 IST

GMR Infrastructure Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 1,866 [13.8]
EBITDA 704.4 [33.2]
EBITDA Margin (%) 37.8 [1,095]
Net Loss (adjusted) 16.6 -
***EBITDA margin change is bps
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Accumulate

Reco. Price

19.2

Last updated on

01-Nov-2017




GMR Infrastructure Ltd consolidated revenue for the quarter came in at Rs. 1866 crore, registering 13.8% yoy decline.

EBITDA for the quarter fell by 33.2% yoy to Rs. 704.4 crore with a corresponding margin contraction of 1095 bps. EBITDA margin for the quarter stood at 37.8%. This margin contraction was aided by 97% yoy increase in cost of raw material consumed.
 
Company’s net loss narrowed to Rs.16.6 crore from net loss of Rs.670.9 crore in Q2FY17.

Technical View:

GMR Infrastructure Ltd is currently trading at Rs. 17.10, down by 0.75 points or 4.2% from its previous closing of Rs. 17.85 on the BSE.
The scrip opened at Rs. 17.45 and has touched a high and low of Rs. 17.60 and Rs. 17.10 respectively. So far 88,31,704(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 16.95 0 (0%)
NSE 16.90 [0.10] ([0.59]%)

***Note: This is a NSE Chart

 

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