Aditya Birla Chemicals tumbles after poor Q4 results

Aditya Birla Chemicals (India) tumbled 15.56% to Rs 163.40 at 11:52 IST on BSE after net profit declined 90.6% to Rs 0.74 crore on 62.4% growth in net sales to Rs 271.91 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Wednesday, 7 May 2014.

Meanwhile, the S&P BSE Sensex was up 20.05 points or 0.09% at 22,343.95.

On BSE, so far 48,000 shares were traded in the counter as against average daily volume of 23,175 shares in the past one quarter.

The stock hit a high of Rs 185 and a low of Rs 163 so far during the day. The stock had hit a 52-week low of Rs 60.25 on 8 August 2013. The stock had hit a record high of Rs 210.90 on 30 April 2014.

The stock had outperformed the market over the past one month till 7 May 2014, jumping 18.97% compared with the Sensex's 0.09% fall. The scrip had also outperformed the market in past one quarter, galloping 94.96% as against Sensex's 9.56% rise.

The small-cap company has equity capital of Rs 23.39 crore. Face value per share is Rs 10.

Aditya Birla Chemicals (India)'s net profit jumped 153.1% to Rs 49.74 crore on 32.6% growth in net sales to Rs 1001.61 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Aditya Birla Chemicals (India) is a leading manufacturer of bulk and speciality chemicals and viscose filament yarn. The business is spread across multiple manufacturing locations in three countries - India, Thailand and China.

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