BF Utilities drops after reporting dismal Q4 results

BF Utilities dropped 0.93% to Rs 571.60 at 15:10 IST on BSE after the company reported net loss of Rs 0.37 crore in Q4 March 2016 compared with net loss of Rs 1.57 crore in Q4 March 2015.

The company announced results during market hours today, 16 May 2016.

Meanwhile, the S&P BSE Sensex was up 110.74 points or 0.43% at 25,600.31.

On BSE, so far 1.85 lakh shares were traded in the counter as against average daily volume of 2.49 lakh shares in the past one quarter. The stock hit a high of Rs 586 and a low of Rs 558 so far during the day. The stock had hit a 52-week high of Rs 724.10 on 4 January 2016. The stock had hit a 52-week low of Rs 389.85 on 12 February 2016. The stock had underperformed the market over the past one month till 13 May 2016, falling 1.49% compared with 0.54% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 40.07% as against Sensex's 10.89% gains.

The small-cap company has equity capital of Rs 18.83 crore. Face value per share is Rs 5.

BF Utilities' total income fell 44.54% to Rs 2.62 crore in Q4 March 2016 over Q4 March 2015.

BF Utilities, through its subsidiaries, is engaged in the business of integrated infrastructure development in the cities of Bangalore and Mysore.

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