Indo Rama

Indo Rama Synthetics is down in the red at Rs.33.50, a fall of 8% over yesterday’s close of Rs.36.90. Its 52-week high is at Rs.42.60 and low is at Rs.27.05.

The company posted a very poor show for Q4FY17. Its net revenue was at Rs.610 crore, down 15% (YoY). EBIDTA slipped down miserably to Rs.10 crore, a fall of 67%. The company ended the quarter with a net loss of Rs.15 crore v/s net profit of Rs.89 crore in previous Q4.

It ended FY17, with a net revenue of Rs.2729 crore, down 2% and net loss came in at Rs.84 crore v/s profit of Rs.37 crore.

The company is India’s largest dedicated polyester manufacturer with an Integrated Manufacturing Complex in Butibori near Nagpur in Maharashtra, with production capacity of 6,10,050 tons per annum of Polyester Staple Fibre, Filament Yarn, Draw Texturized Yarn, Fully Drawn Yarn and Textile grade Chips.