ITD Cementation tanks 10% after Q3 net profit dips 57% yoy
NEW DELHI: Shares of ITD Cementation plunged as much as 9.98 per cent in early trade on Wednesday after the company registered nearly 57 per cent fall in consolidated net profit at Rs 13.01 crore for the quarter ended December 31, 2016 against Rs 30.05 crore in the corresponding quarter last year.
Consolidated total income from operations of the company declined 31.35 per cent year-on-year to Rs 729.90 crore for the quarter under review against Rs 1,063.23 crore in the same quarter a year ago.
The scrip was trading 6.19 per cent down at Rs 150.85 around 9.45 pm (IST). Shares of the company opened at Rs 156 and touched a high and low of Rs 156.50 and Rs 144.75, respectively, in trade so far.
Benchmark BSE Sensex was up 68.48 points, or 0.24 per cent, at 28,830.07.
Consolidated total expenditure of the company declined to Rs 686.21 crore during Oct-Dec period against Rs 1,004.95 crore in the same period last year.
The company also informed bourses that the board has recommended payment of dividend of Rs 0.30 paise per equity share of Re 1 each (30 per cent) for the financial year ended December 31, 2016.
Consolidated total income from operations of the company declined 31.35 per cent year-on-year to Rs 729.90 crore for the quarter under review against Rs 1,063.23 crore in the same quarter a year ago.
The scrip was trading 6.19 per cent down at Rs 150.85 around 9.45 pm (IST). Shares of the company opened at Rs 156 and touched a high and low of Rs 156.50 and Rs 144.75, respectively, in trade so far.
Benchmark BSE Sensex was up 68.48 points, or 0.24 per cent, at 28,830.07.
Consolidated total expenditure of the company declined to Rs 686.21 crore during Oct-Dec period against Rs 1,004.95 crore in the same period last year.
The company also informed bourses that the board has recommended payment of dividend of Rs 0.30 paise per equity share of Re 1 each (30 per cent) for the financial year ended December 31, 2016.
