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Shankara Building gains after good Q4 outcome

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Capital Market
Last Updated : May 11 2018 | 11:16 AM IST

Shankara Building Products rose 1.93% to Rs 1,899.95 at 10:45 IST on BSE after consolidated profit after tax rose 18% to Rs 21.70 crore on 27% rise in revenue from operations to Rs 760.80 crore in Q4 March 2018 over Q4 March 2017.

The announcement was made after market hours yesterday, 10 May 2018.

Meanwhile, the S&P BSE Sensex was up 108.90 points or 0.31% at 35,355.17.

On the BSE, 6,502 shares were traded on the counter so far as against the average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 1,929.25 and a low of Rs 1,869.10 so far during the day. The stock had hit a record high of Rs 2,365 on 5 December 2017 and a record low of Rs 653 on 24 May 2017.

The mid-cap company has equity capital of Rs 22.85 crore. Face value per share is Rs 10.

Shankara Building Products' consolidated EBITDA margin dropped to 7.1% in Q4 March 2018 from 7.5% in Q4 March 2017.

Shankara Building Products is one of the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name 'Shankara Buildpro.

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First Published: May 11 2018 | 11:03 AM IST

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