The company's Q4 net profit declined percent at Rs 40.48 crore against Rs 300.38 crore in the year ago period.
Shares of EID Parry touched a 52-week low of Rs 252, sleeping 7 percent intraday Wednesday on the back poor set of numbers for the quarter ended March 2018.
The company's Q4 net profit declined percent at Rs 40.48 crore against Rs 300.38 crore in the year ago period.
Revenue from operation was down at Rs 3386.54 against Rs 3428.10 crore.
EBITDA of the company was at Rs 259.2 crore and margin stood at Rs 7.6 percent.
The company has recommended a final dividend of Rs 3 per equity share for the year ended March 31, 2018.
The board also recommended issue of secured/unsecured non-convertible debentures on a private placement basis for an amount not exceeding Rs 300 crore during the year 2018-19 subject to approval of the shareholders at the ensuing AGM of the company.
At 14:35 hrs EID Parry (India) was quoting at Rs 252.20, down Rs 16.70, or 6.21 percent on the BSE.
Posted by Rakesh Patil