Shriram EPC spurts after turnaround in Q2 results

Shriram EPC was locked at 20% upper circuit at Rs 24.30 at 11:48 IST on BSE after the company reported consolidated net profit of Rs 13.62 crore in Q2 September 2017, compared with net loss of Rs 21.95 crore in Q2 September 2016.

The result was announced after market hours yesterday, 7 December 2017.

Meanwhile, the S&P BSE Sensex was up 271.74 points or 0.82% at 33,220.95. The S&P BSE Small-Cap index advanced 1.04%, outperforming the Sensex.

On the BSE, 6.41 lakh shares were traded on the counter so far as against average daily volumes of 53,141 shares in the past one quarter. The stock had hit a high of Rs 24.30 and a low of Rs 23 so far during the day. The stock had hit a 52-week high of Rs 34.30 on 8 December 2016 and a record low of Rs 17.20 on 18 October 2017.

The stock had outperformed the market over the past one month till 7 December 2017, advancing 0.5% compared with the Sensex's 1.26% fall. The stock had, however, underperformed the market over the past one quarter, sliding 5.81% as against the Sensex's 4.06% rise. The scrip had also underperformed the market over the past one year, declining 36.72% as against the Sensex's 25.58% rise.

The small-cap company has equity capital of Rs 971.53 crore. Face value per share is Rs 10.

Shriram EPC's consolidated net sales rose 173.1% to Rs 218.69 crore in Q2 September 2017 over Q2 September 2016.

Shriram EPC is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for medium to large infrastructure projects in water & sewerage, renewable energy, process and metallurgical plants and municipal service sector projects throughout India.

Powered by Capital Market - Live News