Ricoh India tumbles after posting dismal Q2 numbers

Ricoh India was locked at 5% lower circuit at Rs 193.45 at 14:00 IST on BSE after the company reported net loss of Rs 87.35 crore in Q2 September 2016 compared with net loss of Rs 147.39 crore in Q2 September 2015.

The result was announced during market hours today, 12 December 2016.

Meanwhile, the S&P BSE Sensex was down 178.45 points or 0.64% at 26,576.65.

On the BSE, 19,132 shares were traded in the counter so far, compared with an average volume of 57,692 shares in the past one quarter. The stock was locked at a low of Rs 193.45 so far during the day. The stock had hit a 52-week low of Rs 188.25 on 11 July 2016. The stock had hit a 52-week high of Rs 899.75 on 22 December 2015.

The small-cap company has an equity capital of Rs 39.77 crore. Face value per share is Rs 10.

Ricoh India's net total income from operations fell 57.62% to Rs 280.26 crore in Q2 September 2016 over Q2 September 2015.

Ricoh India is a subsidiary of Japan's Ricoh Co. Ricoh India manufactures imaging products. Its product line consists of photo copiers, photo copying apparatus, facsimile machine, electronic white board, duplicating machine, stencil cutters, duplicator stencils, duplicating paper and rotary ink.

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