Veto Switchgears & Cables Ltd standalone net profit of Rs.3.16 crore in Q3FY17, vs net loss of Rs. 0.86 crore in Q3FY16

Feb 13, 2017 01:02 IST India Infoline Research Team

Veto Switchgears & Cables Ltd Q3FY17

Standalone Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 24.50 [15.9]
EDITDA 2.70 [41.8]
EBITDA Margin (%) 11.2 [418]
Net Profit (adjusted) 3.16 -
***EBITDA margin change is bps

Veto Switchgears and Cables’ standalone revenue for the quarter came in at Rs. 24.5 crore, registering 15.9% yoy decline.

EBITDA for the quarter fell by 41.8% yoy to Rs. 2.7 crore with a corresponding margin contraction of 418 bps. EBITDA margin for the quarter stood at 11.2%.

PAT for the quarter came in at Rs. 3.16 crore as compared to net loss of Rs 0.86 crore in same quarter of last year. This was mainly driven by jump in other income to Rs. 2.56 crore as against the Rs. 0.06 crore in Q3FY16.

Board of Director of the company have declared an interim dividend of Re. 1 per share (FV of Rs. 10/- per share) for FY16-17.

Technical View:

Veto Switchgears & Cables Ltd is currently trading at Rs. 137.65, down by 2.75 points or 1.96% from its previous closing of Rs. 140.4 on the BSE.
The scrip opened at Rs. 139 and has touched a high and low of Rs. 145 and Rs. 135 respectively. So far 75173(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

Related Story