TRF drops as Q3 net loss widens

TRF lost 1.67% to Rs 120.95 at 12:10 IST on BSE after the company reported a consolidated net loss of Rs 17.44 crore in Q3 December 2013, higher than net loss of Rs 4.22 crore in Q3 December 2012.

The Q3 result was announced after market hours on Monday, 3 February 2014.

Meanwhile, the S&P BSE Sensex was down 175.90 points or 0.87% at 20,033.36.

On BSE, so far 17,000 shares were traded in the counter as against average daily volume of 62,880 shares in the past one quarter.

The stock hit a high of Rs 120.95 and a low of Rs 118 so far during the day. The stock had hit a 52-week low of Rs 86 on 31 July 2013. The stock had hit a 52-week high of Rs 239 on 8 February 2013.

The stock had underperformed the market over the past one month till 3 February 2014, sliding 8.11% compared with the Sensex's 3.08% fall. The scrip had however, outperformed the market in past one quarter, advancing 2.24% as against Sensex's 4.85% fall.

The small-cap engineering equipment maker has equity capital of Rs 11 crore. Face value per share is Rs 10.

TRF's consolidated total income from operations declined 21.62% to Rs 236.89 crore in Q3 December 2013 over Q3 December 2012.

TRF is a pioneer in engineering and supply of material handling equipment and systems for five decades.

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