Today, on 25th October 2016, Deep Industries declared its results for the second quarter for the financial year 17 (Q2FY17). The company has reported 109% growth Year on Year in the standalone net profit from Rs. 8 crores in the second quarter of the Financial Year16 to Rs. 17 crores in second quarter of the ongoing Financial Year.
The stunning Q2 result has taken Deep Industries share price to trade at a new lifetime high.
Deep Industries posted the 97.1% revenue growth Year on Year from Rs. 34 crores in Q2 of FY16 to Rs. 68 crores in Q2 of FY17. EBITDA has shown Year on year growth of 117%, from Rs. 19 crores in the second quarter of the last financial year to Rs. 41 crores in the quarter under review.
At 1:53 PM, Deep Industries share price is trading at Rs. 277.80 with the rise of 0.80% as compared to the 0.29% decline in the Benchmark Index Nifty.
EBITDA margin has gone up by 540 bps Year on Year. EBITDA margin was 54.8% in the second quarter of the last financial year while it stands at 60.2% in the second quarter of the current financial year. The company’s PAT margin stands at 24.8% as against 23.4% in the corresponding quarter of the last financial year.
Deep Industries is the multibagger stock recommendation for the month by Dynamic Levels. Deep Industries can be a great investment opportunity which can give you high return. This stock is traded in high volumes and has the potential to grow in the long run. The stock trades in the upper price band of Rs. 330.70 and the lower price band of Rs. 220.50. For the details on the stock and also knowing its levels for the support and resistance, visit Deep Industries share price forecast page of Dynamic Levels website.
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