***EBITDA margin change is bps
Consolidated EPS for the quarter stood at Rs. 10.21.
Compay reported its quarterly earnings on 11 Feb 2017.
Uflex's Q3FY17 standalone results for the quarter registered a miss versus consensus estimates. Revenue for the quarter came in 5.3 % lower than the estimated figure of Rs. 1580 crore. Net profit for the quarter came in 18.8 % lower than the estimated figure of Rs. 90.8 crore.
Uflex’s standalone revenue for the quarter came in at Rs. 1496 crore which stood largely in line with Q3FY16 revenue (Rs. 1482 crore).
EBITDA for the quarter rose by 12.3% yoy to Rs. 210 crore with a corresponding margin expansion of 142 bps. EBITDA margin for the quarter stood at 14%. This margin expansion was aided by 5.3% yoy decline in employee benefit expenses.
PAT for the quarter came in at Rs. 73.8 crore, yoy decline of 6.8%. This was primarily driven by 78.8% yoy decline in other income.
Uflex Ltd is currently trading at Rs. 269.75, down by 2.8 points or 1.03% from its previous closing of Rs. 272.55 on the BSE.
The scrip opened at Rs. 271 and has touched a high and low of Rs. 271.7 and Rs. 269 respectively. So far 70388(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
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