 "Everest Industries dips on disappointing Q2 results")
Everest Industries has dipped 9% to Rs 319 on the National Stock Exchange (NSE) after reporting a net loss of Rs 2.28 crore for the second quarter ended September 30, 2015 (Q2), due to lower other income and higher operating expenditure. The cement & cement products maker had profit of Rs 3.37 crore in a year ago quarter.
Net sales of the company during quarter under review increased 17% to Rs 284 crore against Rs 243 crore in the corresponding quarter of previous fiscal.
Earnings before interest, tax, depreciation and amortization (EBITDA) profit almost halved from Rs 8.53 crore to Rs 4.28 crore, while EBITDA margin declined from 3.5% to 1.5% over the previous year quarter.
The stock hit a low of Rs 315 on the NSE so far. A combined 131,572 shares changed hands on the counter on the NSE and BSE till 12:15 pm.
Net sales of the company during quarter under review increased 17% to Rs 284 crore against Rs 243 crore in the corresponding quarter of previous fiscal.
Earnings before interest, tax, depreciation and amortization (EBITDA) profit almost halved from Rs 8.53 crore to Rs 4.28 crore, while EBITDA margin declined from 3.5% to 1.5% over the previous year quarter.
The stock hit a low of Rs 315 on the NSE so far. A combined 131,572 shares changed hands on the counter on the NSE and BSE till 12:15 pm.
