 "Bajaj Corp dips on disappointing Q4 results")
Bajaj Corp dipped 7% to Rs 397 on BSE in intra-day trade after the company’s standalone EBITDA (earnings before interest, tax, depreciation and amortization) margin contracted 381 basis points to 32.96% in March 2017 quarter (Q4FY17) from 36.77% in Q4FY16. EBITDA margin was lowest in past five quarters.
The company engaged in personal products business reported 2.9% year on year (YoY) drop in net profit at Rs 52.67 crore in Q4FY17 against Rs 54.26 crore in the corresponding quarter of previous year.
Net sales declined by 1.9% at Rs 204 crore on YoY basis. The company’s total expenses were up 4% to Rs 140 crore as against Rs 134 crore.
At 11:19 am; the stock was down 6% at Rs 403 as compared to a marginal 0.02% fall in the S&P BSE Sensex. A combined 155,996 shares changed hands on the counter on BSE and NSE so far.
The company engaged in personal products business reported 2.9% year on year (YoY) drop in net profit at Rs 52.67 crore in Q4FY17 against Rs 54.26 crore in the corresponding quarter of previous year.
Net sales declined by 1.9% at Rs 204 crore on YoY basis. The company’s total expenses were up 4% to Rs 140 crore as against Rs 134 crore.
At 11:19 am; the stock was down 6% at Rs 403 as compared to a marginal 0.02% fall in the S&P BSE Sensex. A combined 155,996 shares changed hands on the counter on BSE and NSE so far.
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