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Weak Q2 earnings weigh on IL&FS Transportation

Capital Market 

IL&FS Transportation Networks fell 4.64% to Rs 96.60 at 15:14 on after net profit fell 46% to Rs 57.06 crore on 15.94% decline in total to Rs 1128.88 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 2 December 2016.

Meanwhile, the S&P Sensex was down 325.76 points or 1.23% at 26,234.16.

On the BSE, 2.05 lakh shares were traded on the counter so far as against the average daily volumes of 3.47 lakh shares in the past one quarter. The stock had hit a high of Rs 101.75 and a low of Rs 95.20 so far during the day.

The stock had hit a 52-week high of Rs 117.15 on 26 October 2016 and a 52-week low of Rs 64 on 26 February 2016. It had underperformed the market over the past one month till 1 December 2016, sliding 7.53% compared with the Sensex's 4.72% fall. The scrip had, however, outperformed the market in past one quarter, advancing 40.99% as against the Sensex's 6.56% fall.

The mid-cap company has equity capital of Rs 328.96 crore. Face value per share is Rs 10.

IL&FS Transportation Networks has grown into the largest BOT (build, operate and transfer) road assets owner in India.

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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. 15:11 IST