Kothari Products slides after disappointing Q1 earnings

Kothari Products lost 3% to Rs 182.50 at 15:12 IST on BSE after net profit fell 53.52% to Rs 7.45 crore on 5.07% decline in total revenue to Rs 1104.08 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 189.73 points or 0.59% at 31,824.46.

On the BSE, 7,147 shares were traded on the counter so far as against the average daily volumes of 4,270 shares in the past one quarter. The stock had hit a high of Rs 191 and a low of Rs 180.05 so far during the day. The stock had hit a 52-week high of Rs 235.30 on 26 October 2016 and a 52-week low of Rs 152 on 9 November 2016.

 

The stock had underperformed the market over the past one month till 8 August 2017, sliding 2.54% compared with the Sensex's 2.08% rise. The stock had also underperformed the market over the past one quarter, declining 4.35% as against the Sensex's 6.98% rise. The scrip had, however, outperformed the market over the past one year, advancing 18.48% as against the Sensex's 13.6% rise.

The small-cap company has equity capital of Rs 29.84 crore. Face value per share is Rs 10.

Kothari Products is a flagship company of Kothari Group. It has presence in real estate, investments and international trading of exports & imports.

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