Shalby Ltd - Q2FY21 - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Shalby Ltd total income from operations for Q2FY21 stood at ₹111.8 crores down by 12.9% YoY from ₹128.4 crores in Q2FY20. EBITDA for Q2FY21 stood at 31.4 crores up by 2.3% as compared to 30.7crores in Q2FY20. Profit before tax for the quarter up by 8% at ₹21.5 crores in Q2FY21 as compared to ₹19.9 crores in Q2FY20, Business performance during the quarter improved significantly from last quarter of Q1FY20. Occupancy rate has increased from 17% in Q1FY21 to 41% in Q2FY21 and 39% in Q2FY20. Surgery counts are still under pressure, down by 67.5% stood at 1622 in Q2FY21 as compared to 4985 in Q2FY20. Profit after tax for the quarter up by 87.6% at ₹24.2 crores in Q2FY21 as compared to ₹12.9 crores in Q2FY20 due to certain adjustment of earlier years taxes. Company has reported better than expected results."

Shares of Shalby Ltd was last trading in BSE at Rs.99.9 as compared to the previous close of Rs. 95.7. The total number of shares traded during the day was 55961 in over 1895 trades.

The stock hit an intraday high of Rs. 103 and intraday low of 96.8. The net turnover during the day was Rs. 5573623.

Source : Equity Bulls

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