Andrew Yule
By
Research Desk
about 8 years ago
Andrew Yule, a PSU, the company has done very well for Q2FY17 with a 79% (YoY) jump up in net profit at Rs.27 crore on a 17% rise in total income at Rs.127 crore.
EBITDA for the quarter was up 26% at Rs.14 crore while margins rose from 10.2% to 11%. The substantial increase in other income, up from Rs/9 crore to Rs.17 crore also helped.
The company’s H1FY17 net profit of Rs.25 crore is over 4 times FY16 net profit of Rs.8 crore.
Andrew Yule operates in three segments namely Tea (53% of revenue), Electrical (40% of revenue) and Engineering (7% of revenue). The company has recently moved out of BIFR. Govt of India currently owns 84.81% stake in the company.
38.96 (+0.45)