Hanyung Toys and Textiles has plunged 13% to Rs 89 after reporting a net loss of Rs 33 crore for the quarter ended March 2013, due to higher depreciation and other expenditure. The company had net profit of Rs 44 crore in a year ago quarter.
Net sales however, grew 14% to Rs 528 crore from Rs 464 crore over the previous year quarter, the company said in a statement.
The company’s depreciation charges increased by also six-fold to Rs 36 crore and other expenditure by 71% to Rs 52 crore during the recently concluded quarter.
The stock opened at Rs 101 and hit 52-week low of Rs 84 on NSE. A combined 912,000 shares have changed hands on the counter till 1020 hours against an average around 300,000 shares that were traded daily in past two weeks on NSE and BSE.
Net sales however, grew 14% to Rs 528 crore from Rs 464 crore over the previous year quarter, the company said in a statement.
The company’s depreciation charges increased by also six-fold to Rs 36 crore and other expenditure by 71% to Rs 52 crore during the recently concluded quarter.
The stock opened at Rs 101 and hit 52-week low of Rs 84 on NSE. A combined 912,000 shares have changed hands on the counter till 1020 hours against an average around 300,000 shares that were traded daily in past two weeks on NSE and BSE.
