Xpro India tumbles after reporting net loss in Q2

Xpro India slumped 9.49% to Rs 45.80 at 14:37 IST on BSE after the company reported net loss of Rs 8.61 crore in Q2 September 2015, lower than net loss of Rs 10.49 crore in Q2 September 2014.

The result was announced after market hours yesterday, 3 November 2015.

Meanwhile, the S&P BSE Sensex was up 81.85 points or 0.31% at 26,672.44.

On BSE, so far 22,000 shares were traded in the counter as against average daily volume of 23,728 shares in the past one quarter.

The stock hit a high of Rs 49.50 and a low of Rs 45.50 so far during the day. The stock had hit a 52-week low of Rs 27.25 on 27 May 2015. The stock had hit a 52-week high of Rs 74.65 on 12 August 2015.

The stock had outperformed the market over the past one month till 3 November 2015, surging 9.05% compared with Sensex's 1.41% rise. The scrip had, however, underperformed the market in past one quarter, sliding 16.16% as against Sensex's 5.66% fall.

The small-cap company has equity capital of Rs 11.66 crore. Face value per share is Rs 10.

Xpro India's net sales declined 7.3% to Rs 62.93 crore in Q2 September 2015 over Q2 September 2014.

Xpro India is a diversified multi-divisional, multi-locational company with a strong commitment to the polymer processing industry.

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