(India) has dipped 6% to Rs 179, falling 8% from intra-day high on the BSE, after reporting 15% year on year (YoY) drop in net profit at Rs 41 crore for the fourth quarter ended March 31, 2016 (Q4FY16). The company had registered a profit of Rs 48 crore in the same quarter year ago.
Total income from operations increased by 11% at Rs 455 crore on YoY basis.
Analysts on an average expected a profit of Rs 46 crore on revenues of Rs 426 crore.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margin contracted by 200 basis points to 17% in Q4FY16 from 19% in previous year quarter.
No final dividend was recommended for the financial year 2015-16 (FY16), it added.
The company had paid interim dividend of Rs 1 per share on face value of Rs 1 each for FY16 against Rs 2 per share in previous fiscal.
At 02:46 PM, the stock was down 5% at Rs 180 after hitting an intra-day high of Rs 195 on the BSE. A combined 770,094 shares changed hands on the counter on the BSE and NSE so far.
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