Name: Latest research reports of Butterfly Gandhimathi Appliances Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Butterfly Gandhimathi Appliances Ltd.
Rating: 3
Author: ICICI Securities Limited

Butterfly Gandhimathi Appliances

Hold: Butterfly Gandhimathi Appl...

Target

ICICI Securities Limited

The company reported a loss at the EBITDA level of | 15.1 crore vs. EBITDA profit of | 13.6 crore in Q4FY16. EBITDA loss was primarily on account of higher employee expense as percentage of sales (12.3% vs. 8.5% in Q4FY16) and higher other expenses as a percentage of sales (34.9% vs. 19.8% in Q4FY16) owing to negative operating leverage as utilisation levels remained low Owing to a disappointing operational performance, BGAL reported a net loss of | 20.9 crore vs. net profit of | 0.6 crore in Q4FY16...