Godawari Power slumps after reverse turnaround in Q4

Godawari Power & Ispat tumbled 5.8% to Rs 99 at 12:25 IST on BSE after the company reported consolidated net loss of Rs 16.75 crore in Q4 March 2015 compared with net profit of Rs 17.61 crore in Q4 March 2014.

The Q4 result was announced on Saturday, 16 May 2015.

Meanwhile, the S&P BSE Sensex was up 112.58 points or 0.41% at 27,436.58.

On BSE, so far 6,199 shares were traded in the counter as against average daily volume of 18,931 shares in the past one quarter.

The stock hit a high of Rs 102.40 and a low of Rs 98.50 so far during the day. The stock had hit a 52-week low of Rs 91.20 on 27 March 2015. The stock had hit a 52-week high of Rs 186.70 on 9 June 2014.

The stock had underperformed the market over the past one month till 15 May 2015, sliding 8.81% compared with Sensex's 5.12% fall. The scrip had also underperformed the market in past one quarter, declining 9.94% as against Sensex's 6.09% fall.

The small-cap company has equity capital of Rs 32.76 crore. Face value per share is Rs 10.

Godawari Power & Ispat's net sales rose 6.1% to Rs 597.25 crore in Q4 March 2015 over Q4 March 2014.

Godawari Power & Ispat is a flagship company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the steel industry, mainly into mild steel wire.

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