Sintex Industries Ltd's Q2FY17 consolidated net profit rises 13.65% yoy to Rs.164.81 crore : Beats Estimates

India Infoline Research Team | November 12, 2016 17:23 IST

Sintex Industries Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 2,287.64 15.1
EDITDA 412.96 25.9
EBITDA Margin (%) 18.1 156
Net Profit (adjusted) 164.81 13.7
***EBITDA margin change is bps

Sintex Industries’s Q2FY17 numbers came in beating Bloomberg estimates. Revenue came in 1% higher than the estimate of Rs 2265 cr. EBITDA margin was higher by 95 bps from the estimate of 17% and net profit was 7% higher than the estimated figure of Rs 154 cr.
Revenue for the quarter increased by 15% yoy to Rs 2288 cr. 

Reported EBITDA surged by 25.9% yoy to Rs 413 cr while EBITDA margins expanded by 155 bps yoy to 18%. This was largely due to 26.4% yoy increase in other expenses.

Net profit increased at a lower rate of 13.7% yoy to Rs 165 cr primarily due to 40.1% yoy increase in finance cost.

Technical View:

Sintex Industries Ltd ended at Rs. 79.85, down by 2.45 points or 2.98% from its previous closing of Rs. 82.3 on the BSE.
The scrip opened at Rs. 81.5 and touched a high and low of Rs. 81.8 and Rs. 79.15 respectively. A total of 2516696(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 23.95 [0.50] ([2.04]%)
NSE 23.90 [0.55] ([2.25]%)

***Note: This is a NSE Chart



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