ITD Cementation India Ltd Q4FY16
Consolidated Results Q4FY16: (Rs. in crore)
|EBITDA Margin (%)||7.6||149|
|Net Profit (adjusted)||13||[56.7]|
ITD Cementation India Ltd.'s consolidated revenue for the quarter came in at Rs. 730 crore, registering 31.3% yoy decline.
EBITDA for the quarter fell 14.6% yoy to Rs. 55.6 crore with a corresponding margin expansion of 149 bps. EBITDA margin for the quarter stood at 7.6%. This was driven by decline in sub-contracts expenses by 38% yoy.
PAT for the quarter came in at Rs. 13 crore, yoy decline of 56.7%. This was driven by increase in effective tax rate to 50% in Q4FY16 as compared to 10% in Q4FY15.
ITD Cementation India Ltd is currently trading at Rs. 160.7, up by 0.65 points or 0.41% from its previous closing of Rs. 160.05 on the BSE.
The scrip opened at Rs. 161.3 and has touched a high and low of Rs. 163.5 and Rs. 160 respectively. So far 655572(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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