Petron Engineering Construction surges on new order
DSIJ Intelligence / 27 Apr 2017
The stock price of Petron Engineering Construction increased 19 per cent in early trade, and is trading at Rs 166.65 on an intraday basis. The stock price of the company has witnessed spurt in volume by more than 19.53 times.
The stock price of Petron Engineering Construction increased 19 per cent in early trade, and is trading at Rs 166.65 on an intraday basis. The stock price of the company has witnessed spurt in volume by more than 19.53 times.
Petron Engineering Construction has received work order from Guruashish Construction, HDIL Towers, Bandra (East), Mumbai, for building structure works at Goregaon (West), Mumbai for a total value of approximately Rs 110 crore.
On the financial front, Petron Engineering Construction’s revenue declined 7.76 per cent to Rs 94.64 crore in Q3FY17, as compared to same period in previous financial year.
The company’s EBITDA dropped more than half to Rs 3.67 crore in Q3FY17 on a yearly basis. It posted net loss of Rs 1.83 crore in Q3FY17 against net profit of Rs 1.7 crore in Q3FY16.
The latest book value of Petron Engineering Construction is Rs 212.52 per share. At current value, the price to book value of the company was 0.78x.
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