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

Shares of graphite electrode company HEG slipped almost fourteen for every cent on Wednesday right

Shares of graphite electrode company HEG slipped almost fourteen for every cent on Wednesday right after the firm documented weak set of economical quantities for the quarter ended December 31, 2019 (Q3FY20).

The firm documented consolidated loss of Rs 1.23 crore for the quarter beneath review from Rs 444.sixty crore profit registered in the calendar year-back interval. Full profits declined 78 for every cent calendar year-on-calendar year (YoY) to Rs 420.ninety seven crore.

Earnings right before fascination, tax, depreciation and amortisation (Ebitda) fell ninety nine.6 for every cent to Rs 4.seven crore even though margin stood at 1.two for every cent from 70.4 for every cent in the calendar year-back interval.

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

Phase-sensible, profits from graphite vertical stood at Rs 387 crore, down seventy nine for every cent YoY. Electricity produced profits of Rs 6.fifty six crore, down 81 for every cent YoY.

The firm also introduced dividend of Rs 25 and the history day for the identical is February 19.

At ten:23 am, the inventory was trading in excess of eleven for every cent decrease at Rs 1,045 apiece on the BSE.

It hit a small of Rs 1,015, down 13.6 for every cent in the early trade. In comparison, the S&P BSE Sensex was trading in excess of 1 for every cent better at forty one,662 amounts.

In the past just one calendar year, shares of the firm have slipped fifty one for every cent from almost twelve for every cent increase in the Nifty50 index. The inventory had hit a 52-week superior of Rs two,432 exactly a calendar year back – February twelve, 2019.

According to Nirmal Bang Securities, the inventory is at this time trading at P/E of 4.9x Trailing Twelve Months (TTM) earnings for every share (EPS).