Thirumalai Chemicals, Tejas Networks hit 52-week lows on weak Q3 results
Thirumalai Chemicals repored a 76 per cent YoY slide in its Q3 net profit at Rs 10.22 crore. It had posted PAT of Rs 43.24 crore in the year-ago period.
 "Thirumalai Chemicals, Tejas Networks hit 52-week lows on weak Q3 results")
premium
Shares of Thirumalai Chemicals and Tejas Networks hit their 52-week low in the intra-day trade on Thursday after the companies reported weak numbers for December quarter of FY19.
Thirumalai Chemicals repored a 76 per cent YoY slide in its Q3 net profit at Rs 10.22 crore. It had posted PAT of Rs 43.24 crore in the year-ago period.
Total comprehensive income for the period stood at Rs 18.12 crore, down 81 per cent YoY against Rs 94.46 crore in the corresponding quarter last fiscal. Basic earnings per equity share (Profit for the period) came in at Re 1 against Rs 4.22 in the year-ago quarter.
Thirumalai Chemicals is a leading producer of chemicals such as Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid.
At 11:04 am, the stock was trading 19 per cent lower at Rs 82 apiece on NSE.
On similar lines, Tejas Networks was trading 9 per cent lower at Rs 194 apiece on NSE. It hit a low of Rs 185.05 during the day.
The company reported a 2 per cent decline in its net profit at Rs 31.67 crore against Rs 32.33 crore in the year-ago period. Total revenue for the period came in at Rs 190.25 crore, down 24 per cent YoY at Rs 235.82 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%