TBZ falls post poor Q2 results
Tanay Loya / 30 Nov 2017
Shares of Tribhovandas Bhimji Zaveri plummeted over 15 per cent on Thursday after the company reported weak Q2FY18 numbers.
Shares of Tribhovandas Bhimji Zaveri plummeted over 15 per cent on Thursday after the company reported weak Q2FY18 numbers.
The company’s total income from operations during the quarter decreased 27.08 per cent YoY to Rs. 326.16 crore. Its EBITDA decreased 49.58 per cent YoY to Rs. 11.92 crore with an EBITDA margin of 3.66 per cent. The company reported 89.88 per cent YoY decrease in its profit after tax to Rs. 80 lakhs with a PAT margin of 0.24 per cent.
Tribhovandas Bhimji Zaveri Ltd is a jewellery retailer with a legacy of more than 150 years. The company has a pan-India presence with 37 stores in 27 cities, in 11 states with a total retail space of about 1,13,345 sq.ft.
At 10:34 hours Tribhovandas Bhimji Zaveri was quoting Rs. 119.80 per share, down Rs 18.05 or 13.09 per cent on the NSE. The scrip opened at Rs. 127.25 and touched a high and low of Rs. 127.40 and 115.60, respectively. The stock attracted a traded volume of 25,64,962 shares on NSE.
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