Rashtriya Chemicals & Fertilizers Ltd's Q2FY17 standalone net profit declines 4.8% yoy to Rs.43.42 crore

India Infoline Research Team | November 18, 2016 16:45 IST

Rashtriya Chemicals & Fertilizers Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,772 [26.2]
EDITDA 100.20 [10.5]
EBITDA Margin (%) 5.7 98
Net Profit (adjusted) 43.42 [4.8]
***EBITDA margin change is bps

Rashtriya Chemicals & fertilizers Ltd posted Q2FY17 standalone numbers. Company’s revenue for the quarter declined by 26.2% yoy to Rs 1772.13 cr. This was on account of 23.5% yoy fall in revenues from fertilizers segment and 68% yoy drop in trading segment revenue.

EBITDA too decreased by 10.5% yoy to Rs 100.2 cr while EBITDA margins expanded 98 bps yoy to 5.7%.

Net profit also dropped by 4.8% yoy to Rs 43.42 cr. Company posted a de-growth in net profit as 56.6% yoy drop in finance cost was offset by 43% yoy decline in other income.

Technical View:

Rashtriya Chemicals & Fertilizers Ltd ended at Rs. 42.25, up by 0.2 points or 0.48% from its previous closing of Rs. 42.05 on the BSE.
The scrip opened at Rs. 42.15 and touched a high and low of Rs. 43.1 and Rs. 41.95 respectively. A total of 651862(NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.

BSE 91.05 [0.45] ([0.49]%)
NSE 91.15 [0.10] ([0.11]%)

***Note: This is a NSE Chart



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