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Prabhat Dairy declines after reverse turnaround in Q4

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Capital Market
Last Updated : May 24 2017 | 3:47 PM IST

Prabhat Dairy slipped 6.47% to Rs 108.50 at 14:40 IST on BSE after the company reported consolidated net loss of Rs 1.78 crore in Q4 March 2017, compared with net profit of Rs 5.84 crore in Q4 March 2016.

The result was announced after market hours yesterday, 23 May 2017.

Meanwhile, the S&P BSE Sensex was down 59.51 points, 0.2% at 30,305.74. The S&P BSE Small-Cap index was down 203.28 points, 1.38% at 14,566.58.

On the BSE, 1.43 lakh shares were traded on the counter so far as against the average daily volumes of 85,396 shares in the past one quarter. The stock had hit a high of Rs 110 and a low of Rs 99 so far during the day.

The stock had hit a 52-week high of Rs 150 on 13 February 2017 and hit a 52-week low of Rs 76.80 on 19 August 2016. The stock had underperformed the market over the past one month till 23 May 2017, declining 7.31% compared with the Sensex's 3.41% rise. The scrip had also underperformed the market over the past one quarter declining 8.08% as against the Sensex's 5.1% rise.

The small-cap company has equity capital of Rs 97.68 crore. Face value per share is Rs 10.

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Prabhat Dairy's consolidated net sales rose 23% to Rs 377.18 crore in Q4 March 2017 over Q4 March 2016.

Prabhat Dairy's earnings before interest, tax, depreciation and amortization (EBITDA) increased by 17.9% to Rs 30.34 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin decreased to 8% in Q4 March 2017, from 8.4% in Q4 March 2016.

Prabhat Dairy is an integrated milk and dairy products company. The company is engaged in the business of procurement and processing of milk and sale of milk and milk products, such as ghee, flavored milk, skimmed milk powder, whole milk powder and condensed milk.

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First Published: May 24 2017 | 2:42 PM IST

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