FDC’s board approves buyback of 34.3 lakh shares

Meanwhile, the company registered a PAT of Rs33.7cr for Q4FY19, which is up 7% yoy.

May 27, 2019 03:05 IST India Infoline News Service

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FDC, in its filing to the exchanges informed that the company’s board has approved a buyback of 34.3 lakh shares at Rs350/share aggregating to Rs120cr.

The board of directors has decided June 07, 2019, Friday, as the Record Date for the purpose of determining the names of the shareholders who shall be entitled to tender shares under the Buyback Offer, the company said in a press note released after markets hours to the exchanges on Friday.

Meanwhile, the company registered a PAT of Rs33.7cr for Q4FY19, which is up 7% yoy. The company’s revenue dropped 0.6% yoy at Rs269.8cr. Further, Ebitda rose 41.3% at Rs42.8cr, while margin stood at 15.9%, from 11.2%. FDC reported inventory loss of Rs16.6cr in base quarter.

FDC Ltd's share price ended at Rs198.80, up by Rs12.9 or 6.94%, from its previous close of Rs185.90 on the BSE.
The scrip opened at Rs188 and touched a high and low of Rs203.90 and Rs188, respectively. A total of, 2,12,000 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs3,467.13cr.

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