Astral Poly tumbles down
By
Research Desk
about 10 years ago
Astral Poly Technik has shown a 10 times surge in volumes and price has slumped down almost 6.5% at Rs.358, with an intra day low at Rs.349.90.
The stock price fell despite the company, for Q2FY15 posted a good set of numbers. They were not trailblazing but at the same time, they were not a sham. It posted a 13% (YoY) jump in net sales at Rs.303 crore and despite a 25% rise in operating costs and other income coming down from Rs.76 lakh to Rs.6 lakh, it ended the quarter with a net profit at Rs.21 crore, up 31%. Sequentially, the performance is flat. The company also had a forex loss of Rs.2.5 crore.