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Rajratan Global Wire's Q4FY16 standalone net profit registers 53% yoy growth at Rs 3.75 crore: Estimates Mixed

The company’s standalone revenue stood at Rs. 45.58 crore, down 27.03% yoy but up 5.78% qoq

May 11, 2016 5:41 IST | India Infoline News Service
Rajratan Global Wire reported standalone net profit of Rs. 3.75 crore for the quarter ended March 31, 2016, registering growth of 53.25% yoy and 57.56% qoq. The company’s standalone revenue stood at Rs. 45.58 crore, down 27.03% yoy but up 5.78% qoq.

Its standalone core operating profit of Rs. 8.27 crore for the quarter, clocked growth of 37.26% yoy and 35.82% qoq. Operating profit margin for the current quarter at 18.14% expanded by 849 bps yoy and 401 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 9.63 crore, growing by 50.92% yoy. Its standalone revenue for the period stood at Rs. 206.89 crore, registering decline of 13.44% yoy.

Rajratan Global Wire Ltd's core operating profit stood at Rs. 24.54 crore, recording growth of 18.67% yoy. Operating margin for the current period at 13% expanded by 435 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 16.28 crore, growing by 852.05% yoy. Its consolidated revenue for the period stood at Rs. 282.79 crore, registering growth of 3.37% yoy.

Rajratan Global Wire's core operating profit stood at Rs. 41.92 crore, recording growth of 69.51% yoy. Operating margin for the current period at 14.82% expanded by 578 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 45.58 67.33 [32.30]
Standalone Net Profit 3.75 3.56 5.43

Stock Commentary:

Rajratan Global Wire Ltd ended at Rs. 218.4, up by 10.4 points or 5% from its previous closing of Rs. 208 on the BSE.

The scrip opened at Rs. 208 and touched a high and low of Rs. 218.4 and Rs. 208 respectively. A total of 702(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 90.48 crore.

The BSE group 'XD' stock of face value Rs. 10 touched a 52 week high of Rs. 263 on 28-Jan-2016 and a 52 week low of Rs. 68.35 on 13-May-2015. Last one week high and low of the scrip stood at Rs. 219.4 and Rs. 181.5 respectively.

The promoters holding in the company stood at 62.28 % while Institutions and Non-Institutions held 0.02 % and 37.69 % respectively.

The stock traded below its 100 DMA.


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