Setco Automotive Ltd Q3FY17
Standalone Results Q3FY17: (Rs. in crore)
|EBITDA Margin (%)||13.1|||
|Net Profit (adjusted)||3.10||[52.3]|
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.
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.
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