Net profit of Kalyani Steels declined 41.47% to Rs 27.44 crore in the quarter ended June 2017 as against Rs 46.88 crore during the previous quarter ended June 2016. Sales rose 9.96% to Rs 335.70 crore in the quarter ended June 2017 as against Rs 305.30 crore during the previous quarter ended June 2016.

Powered by Capital Market - Live News

The result was announced during market hours today, 11 August 2017.

Meanwhile, the S&P BSE Sensex was down 373.65 points, or 1.19% at 31,157.68. The S&P BSE Small-Cap index was down 138.17 points, or 0.92% at 14,932.91.

High volumes were witnessed on the counter. On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 49,309 shares in the past one quarter. The stock had hit a high of Rs 430.05 and a low of Rs 392.05 so far during the day. The stock had hit a 52-week high of Rs 469.15 on 20 June 2017 and a 52-week low of Rs 246.45 on 21 November 2016.

The stock had underperformed the market over the past one month till 10 Aug 2017, declining 2.64% compared with the Sensex's 0.58% fall. The scrip had, however, outperformed the market over the past one quarter advancing 16.62% as against the Sensex's 4.24% rise. The scrip had also outperformed the market over the past one year advancing 50.72% as against the Sensex's 13.52% rise.

The small-cap company has equity capital of Rs 21.83 crore. Face value per share is Rs 5.

Kalyani Steels is engaged in manufacturing and marketing iron and steel products.

Powered by Capital Market - Live News

Kalyani Steels will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider and approve the Unaudited Standalone Financial Results for the quarter ended 30th June 2017.

Powered by Capital Market - Live News

Kalyani Steels announced that the 44th Annual General Meeting (AGM) of the company will be held on 1 August 2017.

Powered by Capital Market - Live News