BlueBlends

This Ahmedabad based company is a fully integrated manufacturer of denim – right from the fabric to garments. The stock was in the limelight yesterday after it announced that its Board was meeting on 9th Dec to discuss fund raising plans.

The company otherwise had a flat Q2F17. Net sales was status quo at Rs.43 crore. Reduction in costs helped boost EBITDA, which rose 20% at Rs.6 crore. Other income more than tripled from Rs.25 lakh to Rs.77 lakh.

The company ended the quarter with a net profit at Rs.2.23 crore v/s Rs.186 crore in previous Q2. The company is pretty equity heavy at Rs.20.59 crore. Debt stands currently at Rs.36 crore. As at 30^th Sept 2016, promoters hold 63.18% stake, down from earlier held 64.92% (YoY).