Simplex Infrastructures drops after reporting dismal Q2 numbers

Simplex Infrastructures dropped 2.46% to Rs 294 at 9:45 IST on BSE after net profit fell 30.76% to Rs 18 crore on 11.88% drop in revenue to Rs 1290 crore in Q2 September 2016 over Q2 September 2015.

The result was announced on Sunday, 4 December 2016.

Meanwhile, the S&P BSE Sensex was down 14.79 points or 0.06% at 26,215.87.

On the BSE, 549 shares were traded so far in the counter as against average daily volume of 12,596 shares in the past one quarter. The stock had hit a high of Rs 306 and a low of Rs 290 so far during the day. The stock had hit a 52-week high of Rs 362 on 7 September 2016. The stock had hit a 52-week low of Rs 188 on 29 February 2016.

The stock had underperformed the market over the past one month till 2 December 2016, falling 6.31% compared with Sensex's 4.71% fall. The scrip had, however, outperformed the market in past one quarter, declining 7.48% as against Sensex's 8.07% drop.

The small-cap company has equity capital of Rs 9.89 crore. Face value per share is Rs 2.

Simplex Infrastructures' order book as on 30 September 2016 stood at Rs 13485 crore excluding the successful bidder (L1) orders of Rs 2543 crore. The new order intake during Q2 September 2016 was Rs 978 crore.

Simplex Infrastructures is the largest pure play civil construction & engineering contractors in India.

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