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Premier Explosives Q2FY18 standalone net profit declines 8.3% yoy
Nov 29, 2017 10:11 IST India Infoline Research Team
Premier Explosives Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
| Q2FY18 | YoY (%) | |
|---|---|---|
| Revenue | 58.23 | [3.7] |
| EBITDA | 5.14 | [1.3] |
| EBITDA Margin (%) | 8.8 | 21 |
| Net Profit (adjusted) | 2.31 | [8.3] |
Premier Explosives standalone revenue for the quarter came in at Rs. 58.23 crore, registering 3.7% yoy decline.
EBITDA for the quarter fell by 1.3% yoy to Rs. 5.14 crore with a corresponding margin expansion of 21 bps. EBITDA margin for the quarter stood at 8.8%. This margin expansion was aided by decline in research and development expenses by 17.6% yoy.
The PAT for the quarter came in at Rs. 2.31 crore, yoy decline of 8.3%. This was due to 58.5% yoy jump in interest expenses.
Technical View:
Premier Explosives Ltd is currently trading at Rs. 408.10, down by 5.15 points or 1.25% from its previous closing of Rs. 413.25 on the BSE.
The scrip opened at Rs. 410.50 and has touched a high and low of Rs. 430 and Rs. 406.65 respectively. So far 20,727(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
