INEOS Styrolution India Ltd's Q2FY17 standalone net profit rises 29.29% yoy to Rs.19.20 crore

India Infoline Research Team | November 11, 2016 17:41 IST

INEOS Styrolution India Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 440 [2.4]
EDITDA 35.31 321.4
EBITDA Margin (%) 8 617
Net Profit (adjusted) 19.20 29.3
***EBITDA margin change is bps

INEOS Styrolution India Ltd’s posted its Q2FY17 numbers.

Company’s net revenue declined marginally by 2.4% yoy to Rs 440 cr. This was due to 9% decline in revenues from specialties segment.

EBITDA surged sharply to Rs 35.31 cr from Rs 8 cr in the corresponding quarter of previous year. EBITDA margins expanded 617 bps yoy to 8%. This was on account of 11.8% drop in cost of materials consumed.

Company's net profit rose 29.3% yoy to Rs 19.2 cr. This was driven by 55% drop in finance costs.

Technical View:

INEOS Styrolution India Ltd is currently trading at Rs. 602, down by 6.6 points or 1.08% from its previous closing of Rs. 608.6 on the BSE.
The scrip opened at Rs. 615 and has touched a high and low of Rs. 615 and Rs. 600 respectively. So far 2457(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 1,050.05 [13.85] ([1.30]%)
NSE 1,055.00 [11.85] ([1.11]%)

***Note: This is a NSE Chart



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