Gujarat Pipavav Port surges 5% post Q4 nos; consolidated PAT slips 9% YoY

Jannie Delucca

Shares of Gujarat Pipavav Port climbed as a lot as 5.22 for each cent to Rs 69.fifty apiece on the BSE on Wednesday, a day soon after the business noted a 9.11 for each cent decline in its consolidated internet earnings at Rs 54.13 crore for the quarter ended March 2020. The business experienced posted earnings of Rs fifty nine.57 crore in the calendar year-in the past time period.

On a standalone foundation, the company’s earnings declined 6.seven for each cent to Rs forty seven.2 crore for the quarter ended March 31, 2020. The port experienced clocked a internet earnings of Rs fifty.6 crore in the fourth quarter of fiscal 2018-19, it stated in a regulatory filing to the BSE.

At 11:04 am, the stock was trading just about four for each cent bigger at Rs 68.55 apiece on the BSE. In comparison, the S&P BSE Sensex was ruling 237

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Cyient locked in 10% lower circuit on lower-than-expected Q4 results

Jannie Delucca

Share of Cyient have been locked in the 10 for every cent lower circuit band, at Rs 209, on the BSE on Friday at 01:28 pm immediately after the company’s March quarter (Q4F20) performance arrived under expectations on, both of those, revenue and margin conditions largely due to the affect of Covid-19.

A mixed 2.sixty five million fairness shares have modified fingers on the counter until the time of writng of this report, and there have been pending promote orders for all over 82,000 shares on the NSE and BSE. The inventory of the IT consulting and application organization was investing close to its fifty two-week lower of Rs 200 touched on April 28, 2020.

The company’s revenue for the quarter stood at $149.2 million, 3.seven for every cent lower quarter on quarter (QoQ) in continual forex conditions. In rupee conditions, consolidated revenue through the quarter underneath evaluate declined 2.9

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