JBF Industries declines after poor Q4 result

JBF Industries fell 1.88% to Rs 204 at 15:21 IST on BSE after net profit declined 20.1% to Rs 22.58 crore on 22.1% rise in total income to Rs 1000.42 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 30 May 2016.

Meanwhile, the BSE Sensex was down 31.70 points, or 0.12%, to 26,693.90

On BSE, so far 30,269 shares were traded in the counter, compared with an average volume of 23,805 shares in the past one quarter. The stock hit a high of Rs 212.70 and a low of Rs 201.50 so far during the day. The stock hit a record high of Rs 318.40 on 31 July 2015. The stock hit a 52-week low of Rs 150.10 on 29 February 2016. The stock had underperformed the market over the past one month till 30 May 2016, falling 1.45% compared with Sensex's 4.37% gains. The scrip, however, outperformed the market in past one quarter, gaining 35.44% as against Sensex's 16.19% gains.

The small-cap company has an equity capital of Rs 81.87 crore. Face value per share is Rs 10.

JBF Industries produces polyester chips for textiles, films and bottles, and polyester partially oriented yarns.

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