Bajaj Consumer slips 8%

about 3 months ago
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Bajaj Consumer Care is among the top five losers on the BSE since the opening bell today. The stock went down over 8% to hit an intraday low at Rs.140 and is now currently trading at Rs.145 levels.

The stock is down after it posted  set of dismal numbers for Q4FY20 with consolidated net profit falling 61% at Rs.23 crore and this was mainly on account of the 28% decline in total revenue at Rs.179 crore.

The company said that it lost Rs.63 crore worth of revenue due to the lockdown.

Its EBITDA was down by a huge 70% while margins halved from 31.6% to 13.5%.

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