Gallantt Ispat numbers impress in Q2
DSIJ Intelligence / 14 Oct 2016
Gallantt Ispat, which is in the business of manufacturing all kinds of iron and steel has posted strong numbers in Q2FY17. Total income from operation stands at Rs 92.01 crores, which has decreased 24 per cent as compared to Q2FY16.
Gallantt Ispat, which is in the business of manufacturing all kinds of iron and steel has posted strong numbers in Q2FY17. Total income from operation stands at Rs 92.01 crores, which has decreased 24 per cent as compared to Q2FY16. EBITDA of the company has increased by 8 per cent and stands at Rs 15.32 crores. Net profit of Gallantt Ispat stands at Rs 12.27 crores, which has increased by 43 per cent as compared to corresponding quarter of the previous fiscal.
The shares of the company could react positively in October 14 trade. However, in the last three months the shares have fallen by 13 per cent. In the last six months shares have tumbled over 18 per cent. Fifty-two-week high/low of the Gallant Ispat stands at Rs 690/368.
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