Jay Bharat Maruti disappoints
By
Ruma Dubey
about 5 years ago
Jay Bharat Maruti is down in the red on the back of its poor show for Q4FY19. It hit an intra day low at Rs.265, going down 3.7%. The stock has been losing for the last 4 days and has fallen -5.95% in the period. Its 52-week low stands at Rs.210.20.
For the fourth quarter of FY19, the company posted a 39% (YoY) fall in net profit at Rs.11 crore on a flat revenue of Rs.480 crore.
EBITDA was down 7.5% at Rs.44 crore while margins slipped from, 10% to 9.3%. The increase of 46% in finance cost has also got the market worried.