On 13th August 2016, Shivam Autotech announced its un-audited result for the June quarter. The company also fixes book closure from September 22nd to September 29th for the purpose of Payment of Dividend and 11th AGM that is to be held on September 29th, 2016. Following the result of the company, Shivam Autotech shares price tanked by over 9%.
Standalone Unaudited Financials:
- Income from operations: The Company has reported the net income from operations at Rs. 11,877.09 lakhs against Rs. 11,311.72 lakhs. The value is higher than the audited income from operations presented in the March quarter last financial year which stood at Rs. 10,844.76 lakhs.
- Total Expenses: Total expenses presented by the company were a little higher on the year-on-Year basis. The reported value stood at Rs. 11,015.32 lakhs while it was Rs. 9,789.33 lakhs in the corresponding quarter last year.
- Net Profit: The net profit of the company dropped drastically low at Rs. 117.27 lakhs as against Rs. 776.11 lakhs in the first quarter of last financial year. The audited value for last quarter last financial year stood at Rs. 372.34 lakhs.
- EPS: The Earning per share also went dropped to Rs. 0.12 lakhs in comparison to Rs. 0.78 lakhs in the Q1FY16. While in Q4FY16, the audited EPS stood at 0.37 lakhs.
Shivam Autotech share price showed massive disappointment over the drop in the profit. The stock dropped by over 8% and was currently trading at Rs. 48.80. Shivam Autotech share price opened at Rs. 52.55 against its previous close of Rs. 53.25. Dynamic Levels consider Shivam Autotech among the top 500 performers. For more details on the stock, visit Shivam Autotech share price history and Shivam Autotech share price forecast page of Dynamic Levels website.
No comments:
Post a Comment