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HEG plunges 14% on poor Q3 earnings, Co posts net loss of Rs 1.23 crore

Shares of graphite electrode company HEG slipped just about 14 for every cent on Wednesday immediately after the firm described bad established of economical figures for the quarter finished December 31, 2019 (Q3FY20).

The firm described consolidated decline of Rs one.23 crore for the quarter under review against Rs 444.sixty crore financial gain registered in the yr-back period. Complete earnings declined seventy eight for every cent yr-on-yr (YoY) to Rs 420.ninety seven crore.

Earnings just before interest, tax, depreciation and amortisation (Ebitda) fell ninety nine.six for every cent to Rs four.7 crore while margin stood at one.two for every cent against 70.four for every cent in the yr-back period.

Earnings for every share (EPS) of the firm stood at Rs (-).32 against Rs 216.fifty eight in the corrsponding quarter of the previous fiscal.

Phase-sensible, earnings from graphite vertical stood at Rs 387 crore, down seventy nine for every cent YoY. Power generated earnings of Rs six.fifty six crore, down 81 for every cent YoY.

The firm also declared dividend of Rs 25 and the report date for the exact is February 19.

At 10:23 am, the inventory was investing above eleven for every cent decrease at Rs one,045 apiece on the BSE.

It hit a reduced of Rs one,015, down thirteen.six for every cent in the early trade. In comparison, the S&P BSE Sensex was investing above one for every cent increased at forty one,662 concentrations.

In the earlier a single yr, shares of the firm have slipped 51 for every cent against just about twelve for every cent rise in the Nifty50 index. The inventory experienced hit a 52-7 days superior of Rs two,432 precisely a yr back – February twelve, 2019.

According to Nirmal Bang Securities, the inventory is at this time investing at P/E of four.9x Trailing Twelve Months (TTM) earnings for every share (EPS).

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