Walchandnagar Industries declines after Q4 results

Walchandnagar Industries fell 3.92% to Rs 131.25 at 11:43 IST on BSE after the company reported a net loss of Rs 4.79 crore in Q4 September 2014, lower than net loss of Rs 19.38 crore in Q4 September 2013.

The result was announced before market hours today, 1 December 2014.

Meanwhile, the S&P BSE Sensex was up 31.46 points or 0.11% at 28,725.45.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 1.12 lakh shares in the past one quarter.

The stock hit a high of Rs 139 and a low of Rs 129.80 so far during the day. The stock had hit a 52-week low of Rs 53.60 on 17 February 2014. The stock had hit a 52-week high of Rs 154.50 on 7 November 2014.

The stock had underperformed the market over the past one month till 28 November 2014, advancing 3.92% compared with the Sensex's 6.75% rise. The stock had, however, outperformed the market in past one quarter, jumping 43.49% as against Sensex's 7.72% rise.

The small-cap company has equity capital of Rs 7.61 crore. Face value per share is Rs 2.

Walchandnagar Industries' total income from operations declined 37.04% to Rs 156.11 crore in Q4 September 2014 over Q4 September 2013.

Walchandnagar Industries reported a net loss of Rs 12.37 crore in the year ended 30 September 2014, lower than net loss of Rs 38.28 crore in the year ended 30 September 2013. Total income from operations declined 12.15% to Rs 638.23 crore in the year ended 30 September 2014 over the year ended 30 September 2013.

Walchandnagar Industries is engaged in engineering, fabrication and manufacture of machineries for sugar plants, cement plants and boilers, heavy duty gears, mineral processing, special and general engineering equipments.

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