Everest Industries has tanked 14% to Rs 130 on reporting a net loss of Rs 6.65 crore for the quarter ended September 2013 (Q2) due to lower realization. The cement and cement products maker had net profit of Rs 12.51 crore in year ago quarter.
During the quarter under review, the company’s net sales declined by 10.4% at Rs 198 crore against Rs 222 crore in the corresponding quarter of previous fiscal.
The company has reported operating loss of Rs 891 crore against profit of Rs 2,362 crore over the previous year quarter.
The stock opened at Rs 145 and hit a low of Rs 129 on BSE. A combined around 93,000 shares have changed hands on the counter so far on BSE and NSE.
During the quarter under review, the company’s net sales declined by 10.4% at Rs 198 crore against Rs 222 crore in the corresponding quarter of previous fiscal.
The company has reported operating loss of Rs 891 crore against profit of Rs 2,362 crore over the previous year quarter.
The stock opened at Rs 145 and hit a low of Rs 129 on BSE. A combined around 93,000 shares have changed hands on the counter so far on BSE and NSE.
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