 "Kajaria Ceramics dips on disappointing Q2 results")
Kajaria Ceramics has dipped nearly 11% to Rs 650 on BSE after reported a single digit 7.7% year on year (YoY) growth in consolidated net profit at Rs 63.62 crore for the quarter ended September 30, 2016 (Q2FY17). The company had profit of Rs 59.08 crore in year ago quarter.
Net sales grew 3% at Rs 629 crore in Q2FY17 against Rs 607crore in the corresponding quarter of previous fiscal.
The profit growth in September quarter was lowest in last three years.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin stood at 20.16% in Q2FY17 against 19.53% in Q2FY16. It was 21.47% in Q1FY17.
At 02:44 pm, the stock was down 8% to Rs 670, after hitting intra-day high of Rs 739 on BSE. The S&P BSE Sensex was up 0.49% or 138 points at 28,122.
The trading volumes on the counter jumped an over four-fold with a combined 1.01 million shares changed hands on the NSE and BSE so far.
Net sales grew 3% at Rs 629 crore in Q2FY17 against Rs 607crore in the corresponding quarter of previous fiscal.
The profit growth in September quarter was lowest in last three years.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin stood at 20.16% in Q2FY17 against 19.53% in Q2FY16. It was 21.47% in Q1FY17.
At 02:44 pm, the stock was down 8% to Rs 670, after hitting intra-day high of Rs 739 on BSE. The S&P BSE Sensex was up 0.49% or 138 points at 28,122.
The trading volumes on the counter jumped an over four-fold with a combined 1.01 million shares changed hands on the NSE and BSE so far.