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Astral Poly Technik drops after weak Q1 results

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lost 1.89% to Rs 640 at 9:18 on after consolidated net profit fell 6.7% to Rs 24.84 crore on 3% decline in net sales to Rs 407.32 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 8 August 2017.

Meanwhile, the S&P Sensex was down 88.47 points or 0.28% at 31,925.72. The S&P Mid-Cap index declined 107.31 points or 0.7% at 15,305.84.

On the BSE, 480 shares were traded on the counter so far as against the average daily volumes of 15,927 shares in the past one quarter. The stock had hit a high of Rs 642 and a low of Rs 635 so far during the day. The stock had hit a record high of Rs 728.75 on 20 June 2017 and a 52-week low of Rs 368 on 23 December 2016.

The stock had underperformed the market over the past one month till 8 August 2017, sliding 3.8% compared with the Sensex's 2.08% rise. The stock had, however, outperformed the market over the past one quarter, gaining 10.83% as against the Sensex's 6.98% rise. The scrip had also outperformed the market over the past one year, advancing 34.52% as against the Sensex's 13.6% rise.

The mid-cap company has equity capital of Rs 11.98 crore. Face value per share is Rs 1.

The company's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) declined 7.31% to Rs 50.70 crore in Q1 June 2017 over Q1 June 2016. EBITDA margin contracted to 12.45% in Q1 June 2017, from 13.03% in Q1 June 2016.

is engaged in the production of plastic products. The company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 09:17 IST