 "Parag Milk Foods IPO: Positives priced in")
Shares of Parag Milk Foods tanked 16% to Rs 223 on the BSE after the company reported a consolidated net loss of Rs 38 crore for the quarter ended December 2016 (Q3FY17), due to higher expenses. The company engaged in dairy product business had profit of Rs 14.50 crore in the year ago quarter.
Total income from operations during the quarter under review increased 15% at Rs 446 crore, while total expenses rose 32% at Rs 471 crore over the previous year quarter.
The company has reported EBITDA (earnings before interest, tax, depreciation and amortization) loss of Rs
Total income from operations during the quarter under review increased 15% at Rs 446 crore, while total expenses rose 32% at Rs 471 crore over the previous year quarter.
The company has reported EBITDA (earnings before interest, tax, depreciation and amortization) loss of Rs
