Setco Automotive Ltd's Q3FY17 standalone net profit declines 52.3% yoy to Rs.3.10 crore

India Infoline Research Team | February 13, 2017 17:27 IST

Setco Automotive Ltd Q3FY17

Standalone Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 120.20 3.7
EDITDA 15.80 [16.4]
EBITDA Margin (%) 13.1 [317]
Net Profit (adjusted) 3.10 [52.3]
***EBITDA margin change is bps

Setco Automotive's standalone revenue for the quarter came in at Rs. 120.2 crore, registering 3.7% yoy increase.
EBITDA for the quarter fell by 16.4% yoy to Rs. 15.8 crore with a corresponding margin contraction of 317 bps. EBITDA margin for the quarter stood at 13.1%. This was driven by increase in employee benefit expenses & other expenses by 15.9% and 14% yoy respectively.
PAT for the quarter came in at Rs. 3.1 crore, yoy decline of 52.3%. This was driven by increase in finance cost by 18.9% yoy.

Technical View:

Setco Automotive Ltd is currently trading at Rs. 36.55, down by 0.15 points or 0.41% from its previous closing of Rs. 36.7 on the BSE.
The scrip opened at Rs. 36.9 and has touched a high and low of Rs. 37.05 and Rs. 36.15 respectively. So far 28797(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 55.60 1.90 (3.54%)
NSE 55.60 2 (3.73%)

***Note: This is a NSE Chart

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