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Prakash Industries falls despite reporting over 4 fold rise in Q4 net profit

30 Apr 2018 Evaluate

Prakash Industries is currently trading at Rs. 217.15, down by 1.75 points or 0.80% from its previous closing of Rs. 218.90 on the BSE.

The scrip opened at Rs. 221.50 and has touched a high and low of Rs. 232.40 and Rs. 209.20 respectively. So far 1678610 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 276.00 on 16-Jan-2018 and a 52 week low of Rs. 83.00 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 232.40 and Rs. 202.20 respectively. The current market cap of the company is Rs. 3371.43 crore.

The promoters holding in the company stood at 39.66%, while Institutions and Non-Institutions held 7.33% and 53.02% respectively.

The company has reported a rise over 4 fold in its net profit at Rs 152.11 crore for the quarter ended March 31, 2018 as compared to Rs 34.31 crore for the same quarter in the previous year. Total income of the company has increased by 31.02% at Rs 916.96 crore for quarter under review as compared to Rs 699.84 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a rise of around 5 fold in its net profit at Rs 386.25 crore as compared to Rs 81.00 crore for the same period in the previous year. Total income of company increased 24.95% at Rs 3021.48 crore for year under review as compared to Rs 2418.12 crore for the period ended March 31, 2017.



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