MT Educare tumbles after poor Q4 outcome

MT Educare lost 4.16% to Rs 182.10 at 11:04 IST on BSE after consolidated net profit declined 2.17% to Rs 4.94 crore on 15.77% growth in net revenue from operations to Rs 58.65 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 17 May 2016.

Meanwhile, the S&P BSE Sensex was down 229.60 points or 0.89% at 25,544.01.

On BSE, so far 65,000 shares were traded in the counter as against average daily volume of 44,996 shares in the past one quarter. The stock hit a high of Rs 183.50 and a low of Rs 177.20 so far during the day. The stock had hit a 52-week low of Rs 100.50 on 29 June 2015. The stock had hit a record high of Rs 199.90 on 6 January 2016. The stock had outperformed the market over the past one month till 17 May 2016, gaining 5.85% compared with Sensex's 0.57% rise. The scrip had also outperformed the market in past one quarter, advancing 28.73% as against Sensex's 10.23% rise.

The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.

MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.

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