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Uttam Sugar drops after poor Q4 results

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Capital Market

Uttam Sugar Mills lost 4.13% to Rs 135.80 at 12:15 IST on BSE after net profit fell 8.4% to Rs 61.86 crore on 1.2% decline in net sales to Rs 407.60 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 27 April 2017.

Meanwhile, the S&P BSE Sensex was down 171.55 points or 0.57% at 29,858.19. The S&P BSE Small-Cap index was up 37.52 points or 0.25% at 15,317.01.

On the BSE, 86,000 shares were traded on the counter so far as against the average daily volumes of 61,000 shares in the past two weeks. The stock had hit a high of Rs 147.95 so far during the day, which is a 52-week high. The stock hit a low of Rs 135 so far during the day. The stock had hit a 52-week low of Rs 40 on 18 November 2016.

 

The small-cap company has equity capital of Rs 38.14 crore. Face value per share is Rs 10.

Uttam Sugar Mills is engaged in production of sugar, ethanol and generation of power. The company operates in three business segments: sugar, cogeneration and distillery

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First Published: Apr 28 2017 | 12:19 PM IST

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