South India Paper Q1 net profit down 53.7% to Rs.5 crore

The company recorded a decline of 53.7% in its net profit at Rs.5 crore for the quarter ended June 30, 2016 as compared to Rs.10.8 crore for the quarter ended June 30, 2015.

Jul 28, 2016 03:07 IST India Infoline News Service

Dalal Street
South India Paper Mills Ltd has reported results for the quarter ended June 30, 2016:

The company recorded a decline of 53.7% in its net profit at Rs.5 crore for the quarter ended June 30, 2016 as compared to Rs.10.8 crore for the quarter ended June 30, 2015. The company's total income has decreased by 7.3% at Rs.51.7 crore for the quarter against Rs.55.8 crore in the corresponding quarter of the previous year.

During the quarter under review, EBITDA Margin were at 20.7% compared with 18.6%.

South India Paper Mills Ltd is currently trading at Rs. 150.1, down by Rs. 7.9 or 5% from its previous closing of Rs. 158 on the BSE.
The scrip opened at Rs. 164.7 and has touched a high and low of Rs. 165.6 and Rs. 150.1 respectively. So far 24074(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 237 crore.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 163 on 04-Jul-2016 and a 52 week low of Rs. 80 on 28-Jul-2015. Last one week high and low of the scrip stood at Rs. 158 and Rs. 135 respectively.
The promoters holding in the company stood at 44.43 % while Institutions and Non-Institutions held 1.78 % and 53.78 % respectively.
The stock is currently trading above its 50 DMA.

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