EID Parry, Pennar Engineered up 3-5% on robust Q2 result

Moneycontrol BureauShares of EID Parry and Pennar Engineered Building Systems rose 5.5 percent and 3 percent respectively on the back of robust Aug-Sept quarter (Q2) numbers.EID Parry has reported consolidated net profit of Rs 126.2 crore in the quarter ended September 2016 versus loss of Rs 4 crore, in the same quarter last fiscal.The company's EBITDA was up 84 percent at Rs 456.5 crore and EBITDA margin was up 410 bps at 9.7 percent.Pennar Engineered Building Systems' Q2 net profit rose 36.4 percent at Rs 6 crore and total income was up 8.7 percent at Rs 120.2 crore.The company's EBITDA was up 1.5 percent at Rs 13.3 crore and EBITDA margin was at 11.1 percent.At 09:27 hrs EID Parry (India) was quoting at Rs 267, up 2.50 percent and Pennar Engineered Building Systems was quoting at Rs 178.20, up 1.83 percent.Posted by Rakesh Patil