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Bhansali Engineering Polymers falls 9% after March quarter earnings

April 16
19:57 2018

Bhansali Engineering Polymers share fell as much as 8.5 percent on Monday after March quarter earnings performance.

On standalone basis, its net profit grew by 82 percent year-on-year to Rs 28.6 crore and revenue from operations increased 56.5 percent to Rs 301.8 crore for quarter ended March 2018.

EBITDA (Earnings before interest, tax, depreciation and amortisation) shot up 94 percent to Rs 43.8 crore in March quarter from Rs 22.6 crore in year-ago period.

Margin during the quarter expanded to 14.5 percent from 11.7 percent in same quarter last year.

At 13:48 hours IST, the stock price was quoting at Rs 194.05, down Rs 12.60, or 6.10 percent on the BSE.

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