Vascon Engineers gains after turnaround Q4 earnings

Vascon Engineers rose 2.15% to Rs 30.85 at 9:43 IST on BSE after the company reported net profit of Rs 6.67 crore in Q4 March 2016 compared with net loss of Rs 75.62 crore in Q4 March 2015.

The result was announced after market hours yesterday, 17 May 2016.

Meanwhile, the BSE Sensex was down 172.29 points, or 0.67%, to 25,601.32.

On BSE, so far 3.19 lakh shares were traded in the counter, compared with an average volume of 1.82 lakh shares in the past one quarter. The stock hit a high of Rs 32 and a low of Rs 30.60 so far during the day. The stock hit a 52-week high of Rs 41.25 on 2 December 2015. The stock hit a 52-week low of Rs 14.60 on 23 June 2015. The stock had outperformed the market over the past one month till 17 May 2016, rising 14.61% compared with 0.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.53% as against Sensex's 10.23% rise.

The small-cap company has an equity capital of Rs 161.31 crore. Face value per share is Rs 10.

Vascon Engineers' net sales rose 4.78% to Rs 180.52 crore in Q4 March 2016 over Q4 March 2015.

The company reported net profit of Rs 6.07 crore in the year ended March 2016 compared with net loss of Rs 144.04 crore in the year ended March 2015. Net sales rose 1.66% to Rs 631.58 crore in the year ended March 2016 over the year ended March 2015.

Vascon Engineers is a premier realty, engineering, procurement & construction (EPC) & clean room partitioning companies.

Powered by Capital Market - Live News