Alphageo (India) tanks after poor Q1 numbers

Alphageo (India) tumbled 6.96% to Rs 355.40 at 10:48 IST on BSE after the company reported consolidated net loss of Rs 3.05 crore in Q1 June 2015 compared with net profit of Rs 10.85 crore in Q1 June 2014.

The Q1 result was announced after market hours yesterday, 10 August 2015.

Meanwhile, the S&P BSE Sensex was down 18.18 points or 0.06% at 28,083.54.

On BSE, so far 3,522 shares were traded in the counter as against average daily volume of 5,844 shares in the past two weeks.

The stock hit a high of Rs 380 and a low of Rs 350 so far during the day. The stock had hit a 52-week low of Rs 300 on 11 August 2014. The stock had hit a 52-week high of Rs 647.05 on 3 November 2014.

Alphageo (India)'s total income from operations (net) dropped 87.7% to Rs 4.68 crore in Q1 June 2015 over Q1 June 2014.

Alphageo (India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.

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