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Smartlink Network slides after weak Q4 numbers

Capital Market 

Smartlink Network Systems fell 1.77% to Rs 97.40 at 11:37 on after net profit fell 72% to Rs 0.70 crore on 50.4% decline in net sales to Rs 3.97 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P Sensex was down 101.41 points, or 0.33% to 30,557.36.

On the BSE, 2,389 shares were traded in the counter so far, compared with average daily volumes of 13,214 shares in the past one quarter. The stock had hit a high of Rs 99 and a low of Rs 94 so far during the day. The stock hit a 52-week high of Rs 123.40 on 12 December 2016. The stock hit a 52-week low of Rs 76 on 15 November 2016.

The stock had underperformed the market over the past one month till 17 May 2017, falling 1.88% compared with 4.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.88% as against Sensex's 8.33% rise.

The small-cap company has equity capital of Rs 4.51 crore. Face value per share is Rs 2.

Smartlink Network Systems' net profit rose 18% to Rs 5.17 crore on 32.3% decline in net sales to Rs 21.64 crore in the year ended March 2017 over the year ended March 2016.

Smartlink Network Systems is one of the leading networking companies in India.

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

First Published: Thu, May 18 2017. 11:38 IST