Soril Holdings soars on reporting 8 fold jump in Q4 consolidated net profit

04 May 2018 Evaluate

SORIL Holdings & Ventures is currently trading at Rs. 476.00, up by 4.60 points or 0.98% from its previous closing of Rs. 471.40 on the BSE.

The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 494.00 and Rs. 447.85 respectively. So far 47959 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 472.50 on 03-May-2018 and a 52 week low of Rs. 27.20 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 494.00 and Rs. 407.30 respectively. The current market cap of the company is Rs. 2620.32 crore.

The promoters holding in the company stood at 38.55%, while Institutions and Non-Institutions held 4.89% and 56.56% respectively.

Soril Holdings and Ventures has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a fall of 56.03% in its net profit at Rs 2.04 crore for the quarter ended March 31, 2018 as compared to Rs 4.64 crore for the same quarter in the previous year. The total income of the company has decreased by 44.88% at Rs 4.41 crore for quarter under review as compared to Rs 8.00 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of over 8 fold in its net profit  Rs 47.31 crore for the quarter ended March 31, 2018 as compared to Rs 6.13 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by over 2 fold at Rs 125.25 crore for quarter under review as compared to Rs 58.11 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a fall of 87.78% in its net profit at Rs 2.28 crore as compared to Rs 18.66 crore for the same period in the previous year. Total income of company has decreased by 67.09% at Rs 12.55 crore for year under review as compared to Rs 38.13 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a net profit of Rs 7.87 crore as compared to a net loss of Rs 12.78 crore for the same period in the previous year. Total income of company has increased by 9.04% at Rs 265.12 crore for year under review as compared to Rs 243.13 crore for the period ended March 31, 2017.

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