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.