Nitin Fire Protection Industries Ltd's Q2FY17 consolidated net profit deeclines 11.1% yoy to Rs.34.93 crore

Nov 12, 2016 05:11 IST India Infoline Research Team

Nitin Fire Protection Industries Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 632.86 42
EDITDA 63 15.5
EBITDA Margin (%) 9.9 [227]
Net Profit (adjusted) 35 [11.1]
***EBITDA margin change is bps


Nitin Fire Protection Industries Ltd reported its consolidated numbers for Q2FY17.
Revenue for the quarter surged by 42% yoy to Rs 633 cr. 
Reported EBITDA increased by 15.5% yoy to Rs 63 cr while EBITDA margins contracted by 227 bps yoy to 9.9%. This was largely due to 75% yoy increase in other expenses.
Net profit for the quarter declined by 11.1% yoy to Rs 35 cr primarily due to 32.2% yoy increase in finance cost and 68% yoy decrease in other income.

Technical View:

Nitin Fire Protection Industries Ltd ended at Rs. 33.25, down by 1.6 points or 4.59% from its previous closing of Rs. 34.85 on the BSE.
The scrip opened at Rs. 33.25 and touched a high and low of Rs. 34.4 and Rs. 32.9 respectively. A total of 687346(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

Related Story

Open Free Demat Account (Rs699)