Khadim India hits 52-week low after Q3FY19 numbers

The company posted a 55% decline in net profit at Rs3.97cr in Q3FY19, on the back of lower revenue.

Feb 08, 2019 02:02 IST India Infoline News Service

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Shares of Khadim India hit 52-week low on the BSE in today’s trade after posting weak Q3 numbers.

The company posted a 55% decline in net profit at Rs3.97cr in Q3FY19, due to lower revenue. It had a profit of Rs8.87cr during the corresponding quarter of previous fiscal.

The company’s operational revenue during the quarter under review was down 13.7% at Rs176cr against Rs205cr in the previous year quarter.

Khadim India Ltd is currently trading at Rs387.50 down by Rs64.35 or 14.24% from its previous closing of Rs451.85 on the BSE. The scrip opened at Rs427 and has touched a high and low of Rs427 and Rs382.10 respectively.

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