Kalindee Rail Nirman (Engineers) spurts after turnaround results

Kalindee Rail Nirman (Engineers) jumped 10.38% to Rs 87.70 at 10:00 IST on BSE after the company reported net profit of Rs 12.65 crore in Q4 March 2014 as against net loss of Rs 1.29 crore in Q4 March 2013.

The result was announced after market hours on Thursday, 15 May 2014.

Meanwhile, the BSE Sensex was up 1347.50 points, or 5.64%, to 25,253.10.

On BSE, so far 69,000 shares were traded in the counter, compared with an average volume of 92,328 shares in the past one quarter.

The stock hit a high of Rs 92 and a low of Rs 83.65 so far during the day. The stock hit a 52-week high of Rs 94.20 on 28 April 2014. The stock hit a 52-week low of Rs 48 on 16 May 2013.

The stock had outperformed the market over the past one month till 15 May 2014, rising 11.90% compared with 6.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 38.78% as against Sensex's 17.38% rise.

The small-cap company has an equity capital of Rs 16.51 crore. Face value per share is Rs 10.

Kalindee Rail Nirman (Engineers)'s net sales rose 59.33% to Rs 100.09 crore in Q4 March 2014 over Q4 March 2013.

The company reported net loss of Rs 7.11 crore in the year ended March 2014 as against net profit of Rs 8.09 crore in the year ended March 2013. Net sales declined 1.26% to Rs 253.99 crore in the year ended March 2014 over the year ended March 2013.

Kalindee Rail Nirman (Engineers) is a construction company dedicated to building infrastructure for rail transport under one roof on turn key basis. It has been active in fields of signaling, telecommunications, track and information systems.

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