Astral Poly Technik is the top loser on the BSE. The stock fell to an intra day low at Rs.1155.75, going down over 8.5%.
The stock has reacted to the Q4FY19 earnings, which were flat. Despite consolidated revenue going up 21% (YoY) at Rs.775 crore, a 46% jump in other expenses and raw material prices too rising, net profit was down 4% at Rs.62 crore.
Though operating profit, despite the expenses, rose 6% to Rs.120 crore, margins fell from 17.8% to 15.5%.
The company ended FY19 with a 21% rise in revenue at Rs.251 crore and net profit was at Rs.197 crore, up 12%. Its EPS was at Rs.16.27 v/s Rs.14.62.