/ Ways2capital : MT Educare Ltd Consolidated Net Loss Of Rs.4.40 Crore In Q3FY17, Vs Net Profit Of Rs. 7.80 Crore In Q3FY16 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 15 February 2017

MT Educare Ltd.’s consolidated revenue for the quarter came in at Rs. 63.5 crore, registering 10.2% yoy decline. EBITDA for the quarter fell by 91.8% yoy to Rs. 1.3 crore with a corresponding margin contraction of 2044 bps. EBITDA margin for the quarter stood at 2.1%. This margin contraction was led by advertisement expenses which jumped 339.8% yoy.

Company reported net loss of Rs. 4.4 crore for the quarter as against the net profit of Rs. 7.8 crore in corresponding quarter of previous year.  This was driven by finance cost, which stood at Rs. 4.92 crore as compared to Rs. 0.92 crore in corresponding quarter of previous year. Company reported its quarterly result on 14 Feb 2017.

MT Educare Ltd is currently trading at Rs. 107.9, down by 17.95 points or 14.26% from its previous closing of Rs. 125.85 on the BSE. The scrip opened at Rs. 115 and has touched a high and low of Rs. 116.65 and Rs. 106.85 respectively. So far 323076(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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