Acuite Ratings & Research has withdrawn the long- and short-term ratings assigned to the company's bank facility of Rs 45.69 crore.
The ratings agency has withdrawn the long term rating of 'ACUITE BB+' and short-term rating of 'ACUITE A4+' assigned to the bank facilities of Beardsell.The company's total fund based facilities stood at Rs 25.69 crore and total non-fund based facilities were at 20 crore.
Beardsell is engaged in the manufacturing of different industrial products serving various customer segments. It operates through six business divisions: QuikBuild, Pre-Fabricated Structures, Clean Rooms, Packaging, Specialty & Defence, and Insulation.
On a consolidated basis, net profit of Beardsell declined 69.88% to Rs 0.50 crore on 26.75% rise in net sales to Rs 47.71 crore in Q3 December 2021 over Q3 December 2020.
Shares of Beardsell hit an upper circuit of 5% at Rs 17.41 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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