Hot Pursuit     12-May-11
ICRA slips on weak Q4 numbers
ICRA fell 2.01% to Rs 1100 at 10:40 IST on BSE, after consolidated net profit declined 25.7% to Rs 11.78 crore on 11.2% rise in net sales to Rs 56.36 crore in Q4 March 2011 over Q4 March 2010.

The company announced the results after market hours on Wednesday, 11 May 2011.

Meanwhile, the BSE Sensex was down 89.87 points, or 0.48%, to 18,495.09.

On BSE, 586 shares were traded in the counter as against average daily volume of 3,578 shares over the past two weeks.

The stock hit a high of Rs 1118 and a low of Rs 1080.05 so far during the day.

On a consolidated basis, ICRA's net profit declined 10.1% to Rs 48.10 crore on 18.9% increase in net sales to Rs 193.03 crore in the year ended March 2011 over the year ended March 2010.

At the time of announcing Q4 results, the board of directors of the company recommended a dividend of Rs 17 for the year ended March 2011.

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