Century Textiles & Industries Ltd
(Century Textiles) announced its results for the quarter ended December
31, 2019 today. The company's net profit plunged ~58% yoy at Rs36cr vs.
Rs84.2cr in Q3FY19.
The stock dipped more than 3% in trade today post the result announcement.
The stock dipped more than 3% in trade today post the result announcement.
The company's revenue came in at Rs877cr for Q3FY20 vs. Rs951cr in Q3FY19, a decline of 7.8% yoy. EBITDA for the quarter under review fell 24.5% yoy at Rs125cr vs. Rs201.3cr in the corresponding quarter previous year. The margins saw a decline of 390bps yoy at 17.3% compared to 21.2% reported in Q3FY19.
Stock view:
Century Textiles & Industries Ltd is currently trading at Rs596.45 down by Rs23.3 or 3.76% from its previous closing of Rs619.75 on the BSE.
The scrip opened at Rs618.25 and has touched a high and low of Rs634
and Rs594 respectively. So far 35,41,355 (NSE+BSE) shares were traded on
the counter. The current market cap of the company is Rs6,922.34cr.
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