Hanung Toys slips into a loss
By
Research Desk
about 11 years ago
Hanung Toys & Textiles is currently down over 14% at Rs.87.90 and this is after it had hit a new 52-week low today at Rs.84.65, very close to its lower circuit limit of Rs.82.10. Volumes are up almost 3 times today.
The stock has plunged after the company announced its numbers for Q4FY13 today. The company reported a net loss of Rs.33 crore compared to net profit of Rs.44 crore in Q4FY12. Though the net sales of the company rose 14% (YoY) at Rs.528 crore, a six times rise in its depreciation outgo at Rs.36 crore and another whopping 71% rise in its other expenditure at Rs.52 crore, the company was pushed into the loss.