HEG cracks over 12% post Q3 results
Revenue from operations declined 78.89 per cent YoY to Rs 393.69 crore during the quarter under review.
By ETMarkets.com | Updated:
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Shares of HEG plunged over 12 per cent in Wednesday’s trade after the company reported a consolidated net loss of Rs 1.23 crore for the quarter ended December 31.
The leading manufacturer and exporter of graphite electrodes posted a net profit of Rs 865.45 crore in the corresponding quarter last year.
Revenue from operations declined 78.89 per cent YoY to Rs 393.69 crore during the quarter under review.
On a standalone basis, net profit of the company dropped 99.31 per cent YoY to Rs 5.94 crore in Q3FY20.
Promoters held 59.62 per cent stake in the company as of December 31. Retail investors, mutual funds and insurance companies had 16.26 per cent, 0.22 per cent and 7.82 per cent stake in the company, respectively.
The shares of the company closed 12.62 per cent lower at Rs 1026.80 on BSE.
The leading manufacturer and exporter of graphite electrodes posted a net profit of Rs 865.45 crore in the corresponding quarter last year.
Revenue from operations declined 78.89 per cent YoY to Rs 393.69 crore during the quarter under review.
On a standalone basis, net profit of the company dropped 99.31 per cent YoY to Rs 5.94 crore in Q3FY20.
Promoters held 59.62 per cent stake in the company as of December 31. Retail investors, mutual funds and insurance companies had 16.26 per cent, 0.22 per cent and 7.82 per cent stake in the company, respectively.
The shares of the company closed 12.62 per cent lower at Rs 1026.80 on BSE.
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