Alstom T&D India has slummed 7% to Rs 141 on reporting 35% year-on-year (yoy) drop in its net profit at Rs 15.04 crore for the quarter ended June 30, 2013 (Q1) due to lower operational income. The electric utilities maker had profit of Rs 23 crore during the year ago quarter.
Net sales too, declined by 16.5% at Rs 560 crore for the quarter against Rs 671 crore in the corresponding quarter of previous fiscal.
Meanwhile, Alstom T&D said, the promoters of the company have suggsted the option of Institutional Placement Programme to comply with Sebi norms of having at least 25% minimum public shareholding.
At the end of June quarter, promoters held 80.31% stake in Alstom T&D.
The stock opened at Rs 152 and touched low of Rs 138 on NSE. A combined 14,252 shares changed hands on the counter so far on NSE and BSE.
Net sales too, declined by 16.5% at Rs 560 crore for the quarter against Rs 671 crore in the corresponding quarter of previous fiscal.
Meanwhile, Alstom T&D said, the promoters of the company have suggsted the option of Institutional Placement Programme to comply with Sebi norms of having at least 25% minimum public shareholding.
At the end of June quarter, promoters held 80.31% stake in Alstom T&D.
The stock opened at Rs 152 and touched low of Rs 138 on NSE. A combined 14,252 shares changed hands on the counter so far on NSE and BSE.
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