 "ABG Shipyard hits six-year lows as Q4 loss widens")
ABG Shipyard has slipped 7% to Rs 137, its lowest level on the BSE since May 2009, after the company said that its standalone net loss had widened to Rs 375 crore in the quarter ended March 2015 (Q4) due to a massive fall in total income.
India's largest private sector shipbuilding yard had reported a net loss of Rs 48.78 crore in the corresponding period a year ago, AGB Shipyard said in a filing to the BSE.
Total income from operations during the quarter under review nosedived to Rs 22 crore from Rs 499 crore in the corresponding quarter of the previous fiscal.
The company, however, did not provide its consolidated results for the quarter.
Meanwhile, for the full year, the company's consolidated net loss widened to Rs 901 crore as against Rs 222 crore. Total income from operations during the year also declined sharply by 73% to Rs 450 crore from Rs 1,595 crore during 2013-14.
The stock opened at Rs 138 and hit a high of Rs 143 on the BSE. A total 507,098 shares have changed hands on the counter on the BSE and NSE.
India's largest private sector shipbuilding yard had reported a net loss of Rs 48.78 crore in the corresponding period a year ago, AGB Shipyard said in a filing to the BSE.
Total income from operations during the quarter under review nosedived to Rs 22 crore from Rs 499 crore in the corresponding quarter of the previous fiscal.
The company, however, did not provide its consolidated results for the quarter.
Meanwhile, for the full year, the company's consolidated net loss widened to Rs 901 crore as against Rs 222 crore. Total income from operations during the year also declined sharply by 73% to Rs 450 crore from Rs 1,595 crore during 2013-14.
The stock opened at Rs 138 and hit a high of Rs 143 on the BSE. A total 507,098 shares have changed hands on the counter on the BSE and NSE.
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