Friday, 11 November 2016

Quarterly Result

Technical View: 

INEOS Styrolution India Ltd., is currently trading at Rs. 602, down by 6.6 points or 1.08% from its earlier closing of Rs. 608.6 on the BSE.
The scrip has touched a high and low of Rs. 615 and Rs. 600 respectively, after opening at 615. In totality 2457(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100

Standalone Results Q2FY17:
INEOS Styrolution India Ltd., has posted its Q2FY17 numbers.

Net revenue has declined marginally by 2.4% yoy to Rs 440 cr. This can be majorly attributed to 9% decline in revenues from specialties segment.

EBITDA has risen sharply to Rs 35.31 cr from Rs 8 cr in the same quarter of last year. EBITDA margins have improved 617 bps yoy to 8%. This was triggered by 11.8% drop in cost of materials consumed.

Net profit has surged 29.3% yoy to Rs 19.2 cr. This was anchored by 55% drop in finance costs.


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