Jay Bharat Maruti disappoints

about 7 months ago
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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.

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