Khadim India tumbles after weak Q3 outcome

Khadim India lost 13.8% to Rs 389.50 at 14:45 IST on BSE after net profit dropped 55.24% to Rs 3.97 crore on 13.77% fall in net sales to Rs 176.47 crore in Q3 December 2018 over Q3 December 2017.

The announcement was made after market hours yesterday, 7 February 2019.

Meanwhile, the S&P BSE Sensex was down 217.81 points or 0.59% at 36,753.28

On the BSE, 7,080 shares were traded in the counter so far compared with average daily volumes of 513 shares in the past two weeks. The stock had hit a high of Rs 427 and a low of Rs 382.10 so far during the day.

 

Khadim India was promoted by Siddhartha Roy Burman and Knightsville in 1981 as a wholesaler and distributor of branded basic utility footwear. The retail foray came in 1993.

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