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A2Z Infra Engg slumps as net loss widens in Q2

Capital Market 

A2Z Infra Engineering tumbled 8.1% to Rs 39.70 at 14:41 on after the company reported net loss of Rs 16.65 crore in Q2 September 2016, higher than net loss of Rs 8.40 crore in Q2 September 2015.

The result was announced after market hours yesterday, 1 December 2016.

Meanwhile, the S&P Sensex was down 259.38 points or 0.98% at 26,300.54.

On the BSE, 3.08 lakh shares were traded on the counter so far as against the average daily volumes of 2.83 lakh shares in the past one quarter. The stock had hit a high of Rs 42 and a low of Rs 38.05 so far during the day.

The stock had hit a 52-week high of Rs 51.65 on 1 November 2016 and a 52-week low of Rs 16.50 on 12 February 2016. It had underperformed the market over the past one month till 1 December 2016, sliding 12.11% compared with the Sensex's 4.72% fall. The scrip had, however, outperformed the market in past one quarter, advancing 16.6% as against the Sensex's 6.56% fall.

The small-cap company has equity capital of Rs 129.62 crore. Face value per share is Rs 10.

The company's net sales declined 42.7% to Rs 149.38 crore in Q2 September 2016 over Q2 September 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 14:34 IST