Q3FY17: MT Educare Ltd. show poor results, stock tanked 15%
Bhagyashree Vivarekar / 15 Feb 2017
The company reported a net loss of Rs 4.43 crore versus a net profit of Rs 12.43 crore in the last quarter.
On Tuesday, MT Educare Ltd. reported its results for the quarter ended on December 31, 2016.
The total sales for this quarter, Q3FY17, came in at Rs 63.55 crore. This represents a 27.08 per cent sequential decline and 10.07 per cent YoY decline. Its operating loss (EBIT) for the recently concluded quarter amounted to Rs 3.7 crore. In terms of the bottom-line, the company reported a net loss of Rs 4.43 crore versus a net profit of Rs 12.43 crore in the last quarter.
The company's stock opened with a gap down on Wednesday at Rs 115 and has fallen 15 per cent. The stock is currently trading at Rs 107.
MT Educare Ltd. is an education support and coaching services provider for students in the secondary and higher secondary school and also for students pursuing graduation degree in commerce, or for those preparing for various competitive examinations or undertaking chartered accountancy examinations. The company has operations across 12 states and 1 Union Territory through 293 coaching centres in 178 locations of the country.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.