Name: Latest research reports of Vikas Ecotech Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Vikas Ecotech Ltd.
Rating: 5
Author: BOB Capital Markets Ltd.

Vikas Ecotech Q2FY17 Result Review

Buy: Vikas Ecotech Ltd.

BOB Capital Markets Ltd.

Vikas Ecotech Ltd., (VEL) reported 2QFY17 result with a strong operational efficiency. Net sales for the company stood at Rs. 835mn with a growth of 16.5% YoY and -17.3% QoQ led by higher contribution from PVC compounds and overall exports (61%/52% respectively of total sales) even after the slow seasonal demand. EBITDA margin stood at 17.9% and expansion of 673 bps/28bps YoY/QoQ. VEL reported PAT of Rs...