Sunil Hitech (our Multibagger pick) Q2FY18 RESULT UPDATE
Sunil Hitech (our Multibagger pick)
Q2FY18 RESULT UPDATE
Link to Old Call :-
https://hiteshyadav.blogspot.in/2017/05/sunil-hitech-potential-multibagger.html
Dear blog readers,
Sunil Hitech Engineers was recommneded as Multibagger stock on 04/05/17 on the day of my birthday at 13.50.
After recommendation stock made high of 16.24 on 24/10/17..
Recently company has given its Q2FY18 & H1FY18 RESULT.
Standalone Financial Highlights for the Quarter and Six Months ended September 30, 2017
- Total Revenue for 2017 First Half has increased by 11.60% to Rs.1,050.68 Crores from Rs.941.47 Crores in the corresponding period last year.
- The EBIDTA for 2017 First Half has increased by 6.50% from Rs.101.33 Crores to Rs.107.92 Crores in corresponding period last year. The EBITDA Margin has reduced by 49 bps from 10.76 % in 2016 First Half to 10.27 % in 2017 First Half. The Profit after Tax in 2017 First Half is Rs.26.24 Crores as compared to Rs.26.89 Crores during corresponding period last year.
Order Book
The total unexecuted Order Book as on September 30, 2017 is Rs. 4,796.46 Crores
Commenting on the results Mr. Sunil Gutte, Chairman and Managing Director said: "We are on course on the journey we embarked on to establish ourselves as a Civil Construction Company. In line with implementation of our strategy we intend to continue to grow in both Power and Non Power Business. Power Business is a stronghold with our vast experience, whereas, our Experienced Team drives the Non Power Business for Sustained Results. We are expecting orders in the coming year in both the Verticals.
Our results also reflect our commitment to create more value for the shareholders. We intend to be more focused on the expansion of margins rather than just being revenue focused and compromising the profitability. Our belief is that strong margin is the way to be sustainable in the long run."
source :- Equitybulls
Regret to inform you about sad demise of Independent Director of Sunil Hitech Engineers Ltd Mr. Siddharth Ratilal Mehta on 09/12/2017.
🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
We are stick to our call at this point of time trading at 14.04..
By seeing order book this company will give good returns in Long-Term
Stay invested
Happy Investing
Q2FY18 RESULT UPDATE
Link to Old Call :-
https://hiteshyadav.blogspot.in/2017/05/sunil-hitech-potential-multibagger.html
Dear blog readers,
Sunil Hitech Engineers was recommneded as Multibagger stock on 04/05/17 on the day of my birthday at 13.50.
After recommendation stock made high of 16.24 on 24/10/17..
Recently company has given its Q2FY18 & H1FY18 RESULT.
Standalone Financial Highlights for the Quarter and Six Months ended September 30, 2017
- Total Revenue for 2017 First Half has increased by 11.60% to Rs.1,050.68 Crores from Rs.941.47 Crores in the corresponding period last year.
- The EBIDTA for 2017 First Half has increased by 6.50% from Rs.101.33 Crores to Rs.107.92 Crores in corresponding period last year. The EBITDA Margin has reduced by 49 bps from 10.76 % in 2016 First Half to 10.27 % in 2017 First Half. The Profit after Tax in 2017 First Half is Rs.26.24 Crores as compared to Rs.26.89 Crores during corresponding period last year.
Order Book
The total unexecuted Order Book as on September 30, 2017 is Rs. 4,796.46 Crores
Commenting on the results Mr. Sunil Gutte, Chairman and Managing Director said: "We are on course on the journey we embarked on to establish ourselves as a Civil Construction Company. In line with implementation of our strategy we intend to continue to grow in both Power and Non Power Business. Power Business is a stronghold with our vast experience, whereas, our Experienced Team drives the Non Power Business for Sustained Results. We are expecting orders in the coming year in both the Verticals.
Our results also reflect our commitment to create more value for the shareholders. We intend to be more focused on the expansion of margins rather than just being revenue focused and compromising the profitability. Our belief is that strong margin is the way to be sustainable in the long run."
source :- Equitybulls
Regret to inform you about sad demise of Independent Director of Sunil Hitech Engineers Ltd Mr. Siddharth Ratilal Mehta on 09/12/2017.
🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
We are stick to our call at this point of time trading at 14.04..
By seeing order book this company will give good returns in Long-Term
Stay invested
Happy Investing
At meeting held on 18 August 2017
ReplyDeleteSunil Hitech Engineers announced that the Board of Directors of the Company at its meeting held on 18 August 2017 has transacted the following -
Approved the proposal of VAG Buildtech, a subsidiary of the Company, for SME listing and raising of capital by way of an IPO.
Approved the proposal of Seam Industries, a subsidiary of the Company for SME listing and raising of capital by way of an IPO.
Further approved participation in the Offer for Sale that may be proposed by Seam Industries and offer 15 lakh equity shares of Seam Industries held by the Company.
It's around 50% valuation... Shall we average it out...Please reply sir.
ReplyDelete