Indo Tech Transformers firms up after strong Q1 results

Indo Tech Transformers rose 7.16% to Rs 208 at 14:48 IST on BSE after the company reported net profit of Rs 0.58 crore in Q1 June 2017 compared with net loss of Rs 4.52 crore in Q1 June 2016.

The result was announced during trading hours today, 6 September 2017.

Meanwhile, the S&P BSE Sensex was down 110.50 points, or 0.35% to 31,699.05.

On the BSE, 25,000 shares were traded in the counter so far, compared with average daily volumes of 3,403 shares in the past one quarter. The stock had hit a high of Rs 221 and a low of Rs 194 so far during the day. The stock hit a 52-week high of Rs 270 on 24 October 2016. The stock hit a 52-week low of Rs 177.05 on 22 August 2017.

The stock had underperformed the market over the past one month till 5 September 2017, falling 2.97% compared with 1.44% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.14% as against Sensex's 1.72% rise. The scrip had also underperformed the market in past one year, falling 4.88% as against Sensex's 9.77% rise.

The small-cap company has equity capital of Rs 10.62 crore. Face value per share is Rs 10.

Indo Tech Transformers' total income surged 125.02% to Rs 67.37 crore in Q1 June 2017 over Q1 June 2016.

Indo Tech Transformers is engaged in the business of manufacturing power and distribution transformers, and various special application transformers, mobile sub-station transformers and sub-stations.

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