/ Vikas Ecotech Q2 FY17 PAT At Rs 7.4 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 10 November 2016


In spite of a muted quarter for the entire industry due to slow seasonal demand, Vikas Ecotech maintained a robust topline and healthy bottom-line. The company recorded total revenues of Rs 83.7 crore as compared to Rs 71.8 crore in the corresponding period of the previous year, an increase of 16%.

Profit before Interest, Depreciation and Tax was at Rs 14.9 crore, higher by 87% from Rs 8.0 crore in the same period of the previous year. Profit after Tax grew 122% to Rs 7.4 crore from Rs 3.3 crore achieved in the same quarter of the previous year. EPS more than doubled to Rs 0.29 from Rs 0.13 recorded in the same period of the previous year.

Inspite of this quarter that traditionally sees slow seasonal demand for the entire industry, Vikas Ecotech’s total turnover increased by 16% and manufacturing turnover gained by 23% on a year on year basis.

The company recorded a lesser revenue from the immediate previous quarter (Q1 FY17) due to significant fall in trading turnover. This is in line with the company’s long-term strategy to reduce and move out of the trading business in a stipulated and time bound manner.
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