Pennar Engineered Building Systems drops after weak Q4 earnings

Pennar Engineered Building Systems fell 4.96% to Rs 141.65 at 11:49 IST on BSE after net profit fell 39.3% to Rs 8.77 crore on 8.8% increase in net sales to Rs 150.09 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 11 May 2017.

Meanwhile, the S&P BSE Sensex was down 62.55 points, or 0.21% at 30,188.43. The S&P BSE Small-cap index was down 68.75 points, 0.44% at 15,584.65.

On the BSE, 6,521 shares were traded on the counter so far as against the average daily volumes of 5,311 shares in the past one quarter. The stock had hit a high of Rs 145 and a low of Rs 132.85 so far during the day.

The stock had hit a record high of Rs 204 on 6 September 2016 and a record low of Rs 105 on 14 March 2017. The stock had outperformed the market over the past one month till 11 May 2017, advancing 8.68% compared with the Sensex's 1.55% rise. The scrip had also outperformed the market over the past one quarter advancing 11.27% as against the Sensex's 6.76% rise.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems is one of the leading custom designed building systems solutions providers in India. Its products and services include pre-engineered buildings, design and engineering services, solar module mounting structures, cold form buildings and structural steel products.

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