Jyoti Structures slumps after dismal Q2 results

Jyoti Structures fell 10.12% to Rs 41.75 at 10:01 IST on BSE after the company reported net loss of Rs 69.37 crore in Q2 September 2014 as against net profit of Rs 14.63 crore in Q2 September 2013.

The result was announced after market hours on Monday, 10 November 2014.

Meanwhile, the BSE Sensex was up 78.24 points, or 0.28%, to 27,952.97.

On BSE, so far 3.30 lakh shares were traded in the counter, compared with an average volume of 3.19 lakh shares in the past one quarter.

The stock hit a high of Rs 43.85 and a low of Rs 41.40 so far during the day. The stock hit a 52-week high of Rs 69.80 on 7 July 2014. The stock hit a 52-week low of Rs 20.20 on 21 November 2013.

The stock had outperformed the market over the past one month till 10 November 2014, rising 14.13% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.98% as against Sensex's 10.05% rise.

The small-cap company has an equity capital of Rs 21.14 crore. Face value per share is Rs 2.

Net sales of Jyoti Structures declined 2.55% to Rs 631.49 crore in Q2 September 2014 over Q2 September 2013.

Jyoti Structures undertakes turnkey/engineering, procurement and construction (EPC) projects in the field of power transmission. Its main business focus areas are transmission lines, substations and distribution projects.

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