Siti Cable Network Ltd's Q2FY17 consolidated net loss widens to Rs.46.90 crore : Misses Estimates

India Infoline Research Team | November 22, 2016 18:46 IST

Siti Cable Network Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 288.97 23.6
EDITDA 47.34 19.7
EBITDA Margin (%) 16.4 [53]
Net Loss (adjusted) 46.90
***EBITDA margin change is bps

Siti Networks Ltd. reported its Q2FY17 consolidated revenue 4.3% below the Bloomberg estimate of Rs 302 cr.
Revenue for the quarter surged 23.6% yoy to Rs 289 cr. 
Reported EBITDA increased by 19.7% yoy to Rs 47 cr while EBITDA margins declined by 53 bps yoy to 16.4%. This was largely due to 42% yoy increase in other expenses.
Net loss for the quarter widened by Rs 15.47 cr yoy to Rs 46.9 cr. This was primarily due to 73% yoy decline in other income.

Technical View:

Siti Networks Ltd is currently trading at Rs. 34.85, down by 0.1 points or 0.29% from its previous closing of Rs. 34.95 on the BSE.
The scrip opened at Rs. 35.05 and has touched a high and low of Rs. 35.05 and Rs. 34.6 respectively. So far 44860(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 24.80 [0.05] ([0.20]%)
NSE 24.85 [0.10] ([0.40]%)

***Note: This is a NSE Chart



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