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Gujarat Automotive Gears tumbles on reporting 67% fall in Q4 net profit

18 May 2012 Evaluate

Gujarat Automotive Gears is currently trading at Rs. 860.80, down by 12.85 points or 1.47% from its previous closing of Rs. 873.65 on the BSE.

The scrip opened at Rs. 850.00 and has touched a high and low of Rs. 895.00 and Rs. 850.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1328.00 on 17-Apr-2012 and a 52 week low of Rs. 395.10 on 19-May-2011.

Last one week high and low of the scrip stood at Rs. 945.00 and Rs. 850.00 respectively. The current market cap of the company is Rs. 30.17 crore.

The promoters holding in the company stood at 70.62 % while Institutions and Non-Institutions held 0.16 % and 29.22 % respectively.

Gujarat Automotive Gears has reported results for fourth quarter and year ended March 31, 2012.

On standalone basis, the company has posted a fall of 67.23% in its net profit at Rs 1.16 crore for the quarter ended March 31, 2012 as compared to Rs 3.54 crore for the same quarter in the previous year. However, total income has increased by 23.55% at Rs 6.19 crore for quarter under review as compared to Rs 5.01 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, the company has posted a fall of 39.05% in its net profit at Rs 3.59 crore for the year ended March 31, 2012 as compared to Rs 5.89 crore in the previous year. However, total income has increased by 25.49% at Rs 22.40 crore for year under review as compared to Rs 17.85 crore for the period ended March 31, 2011.

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