Fedders Lloyd Corporation tumbles after weak Q4 outcome

Fedders Lloyd Corporation lost 14.26% to Rs 80.30 at 11:46 IST on BSE after net profit dropped 64.24% to Rs 5.90 crore on 0.63% fall in total income from operations (net) to Rs 288.88 crore in Q4 June 2014 over Q4 June 2013.

The result was announced after market hours on Wednesday, 27 August 2014.

Meanwhile, the S&P BSE Sensex was up 68.96 points or 0.26% at 26,629.11

On BSE, so far 3.78 lakh shares were traded in the counter as against average daily volume of 1 lakh shares in the past one quarter.

The stock hit a high of Rs 86 and a low of Rs 76.40 so far during the day. The stock hit a 52-week high of Rs 95.95 on Wednesday, 27 August 2014. The stock hit a 52-week low of Rs 26.25 on 27 August 2013.

The stock had outperformed the market over the past one month till 27 August 2014, rising 20.3% compared with 1.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 57.13% as against Sensex's 8.19% rise.

The small-cap company has an equity capital of Rs 30.77 crore. Face value per share is Rs 10.

Fedders Lloyd Corporation's net profit fell 9.74% to Rs 44.81 crore on 13.93% rise in total income from operations (net) to Rs 1163.79 crore in the year ended 30 June 2014 over the year ended 30 June 2013.

On a consolidated basis, Fedders Lloyd Corporation's net profit fell 9.81% to Rs 44.85 crore on 14.32% rise in total income from operations (net) to Rs 1166.09 crore in the year ended 30 June 2014 over the year ended 30 June 2013.

Fedders Lloyd manufactures window air conditioners, split/ducatable air conditioners, package air conditioners, chillers, transport air conditioners and heat exchangers.

Powered by Capital Market - Live News