Astral Poly Technik lost 1.89% to Rs 640 at 9:18 IST on BSE after consolidated net profit fell 6.7% to Rs 24.84 crore on 3% decline in net sales to Rs 407.32 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 8 August 2017.Meanwhile, the S&P BSE Sensex was down 88.47 points or 0.28% at 31,925.72. The S&P BSE Mid-Cap index declined 107.31 points or 0.7% at 15,305.84.
On the BSE, 480 shares were traded on the counter so far as against the average daily volumes of 15,927 shares in the past one quarter. The stock had hit a high of Rs 642 and a low of Rs 635 so far during the day. The stock had hit a record high of Rs 728.75 on 20 June 2017 and a 52-week low of Rs 368 on 23 December 2016.
The stock had underperformed the market over the past one month till 8 August 2017, sliding 3.8% compared with the Sensex's 2.08% rise. The stock had, however, outperformed the market over the past one quarter, gaining 10.83% as against the Sensex's 6.98% rise. The scrip had also outperformed the market over the past one year, advancing 34.52% as against the Sensex's 13.6% rise.
The mid-cap company has equity capital of Rs 11.98 crore. Face value per share is Rs 1.
The company's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) declined 7.31% to Rs 50.70 crore in Q1 June 2017 over Q1 June 2016. EBITDA margin contracted to 12.45% in Q1 June 2017, from 13.03% in Q1 June 2016.
Astral Poly Technik is engaged in the production of plastic products. The company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content