Jyoti Structures declines on reporting Rs 69 crore loss

The stock has declined around 12% and around 24,00,000 shares have changed hands in NSE and BSE combined

Jyothi Structures has slumped around 12% to Rs 41.10 after posting a net loss of Rs 69.37 crore in the July-September quarter of 2015 fiscal. In the same quarter last fiscal the company had reported a profit of Rs 14.63 crore .
 
Net Sales  of the company declined by around 2.55% to Rs 631.49 crore in the quarter ended September 2014 as against Rs 648.03 crore during the previous quarter ended September 2013.
 
The company excels as a leader in turnkey/EPC projects in the field of power transmission and undertakes projects globally.
 
 
The stock opened at Rs 42.50 and has hit a low of Rs 40.60 till 01:21 PM. Around 24,00,000 shares have changed hands on NSE and BSE combined, so far.