Quarterly Result: Siti Cable Network Ltd

Technical View: 

Siti Networks Ltd., is currently trading at Rs. 34.85, down by 0.1 points or 0.29% from its earlier closing of Rs. 34.95 on the BSE.
The scrip has touched a high and low of Rs. 35.05 and Rs. 34.6 respectively, after opening at 35.05. Altogether 44860(NSE+BSE) shares have been traded on the counter so far, and the stock is currently trading below its 200 DMA.

Consolidated Results Q2FY17:

Siti Networks Ltd., has reported its Q2FY17 consolidated revenue 4.3% lesser than Bloomberg estimate of Rs 302 cr.

The quarter's revenue has soared 23.6% yoy to Rs 289 cr. 

Siti's EBITDA has surged by 19.7% yoy to Rs 47 cr while EBITDA margins have depleted 53 bps yoy to 16.4%, triggered by 42% yoy increase in other expenses.

The company's Net loss has surged by Rs 15.47 cr yoy to Rs 46.9 cr, anchored by 73% yoy decline in other income.