Q3 Results: National Steel & Agro Industries Ltd

The Q3 results for National Steel & Agro Industries Ltd suggests that the Operating Income for the company has increased to Rs 964.72 crore from Rs 843.37 crore (YoY) thus reflecting a gain of 14%.

Jan 14, 2017 12:01 IST India Infoline News Service

Quarterly Results
The Q3 results for National Steel & Agro Industries Ltd suggests that the Operating Income for the company has increased to Rs 964.72 crore from Rs 843.37 crore (YoY) thus reflecting a gain of 14%.
 
However, when compared to the previous quarter the numbers came down from Rs 1100.48 crore indicating a drop-in income of 125 QoQ.
 
The net profits for the company was declared at Rs 430 crore Vs Rs 118 crore YoY indicating a healthy increase of over 264%. However, the QoQ profits increased by 28%. The previous quarter net profits for the company was declared at Rs 334 crore.
 
The EBITA margins came out at 4% Vs 4.1%(YoY) for the company.
 
Stock View:
 
National Steel & Agro Industries Ltd ended at Rs 21.85, up by Rs 1 or 4.8% from its previous closing of Rs 20.85 on the BSE.
 
The scrip opened at Rs 20.95 and touched a high and low of Rs 21.85 and Rs 20.95 respectively. A total of 89076(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 97.23 crore.
 
The BSE group 'T' stock of face value Rs 10 touched a 52 week high of Rs 25.8 on 28-Sep-2016 and a 52 week low of Rs 10.17 on 27-May-2016. Last one week high and low of the scrip stood at Rs 21.85 and Rs 19.4 respectively.
 
The promoters holding in the company stood at 48.91 % while Institutions and Non-Institutions held 0.14 % and 50.95 % respectively.
 
The stock traded above its 100 DMA.

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