Tata Sponge Iron Q2 FY18 standalone net profit rises 64.7% yoy

India Infoline Research Team | October 17, 2017 19:30 IST

EBITDA for the quarter rose by 104% yoy to Rs. 34 crore with a corresponding margin expansion of 963 bps. EBITDA margin for the quarter stood at 20.6%.

Tata Sponge Iron Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 167 8.9
EBITDA 34 104
EBITDA Margin (%) 20.4 932
Net Profit (adjusted) 28 64.7
***EBITDA margin change is bps
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Reco. Price

929

Last updated on

17-Oct-2017


Tata Sponge Iron Ltd. standalone revenue for the quarter came in at Rs. 167 crore, registering 8.9% yoy increase. This was primarily driven rise in revenue from sponge iron mining by 11.3% yoy.

EBITDA for the quarter rose by 104% yoy to Rs. 34 crore with a corresponding margin expansion of 963 bps. EBITDA margin for the quarter stood at 20.6%.
 
The PAT for the quarter came in at Rs. 28 crore, yoy increase of 64.7%. 


Technical View:

Tata Sponge Iron Ltd ended at Rs. 933.95, up by 4.9 points or 0.53% from its previous closing of Rs. 929.05 on the BSE.
The scrip opened at Rs. 926.80 and touched a high and low of Rs. 945.90 and Rs. 925.95 respectively. A total of 4,48,933(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.


***Note: This is a NSE Chart

 

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