Hot Pursuit     27-Oct-17
Sharda Cropchem drops after weak Q2 outcome
Sharda Cropchem lost 3.35% to Rs 428.85 at 11:53 IST on BSE after consolidated net profit fell 26.46% to Rs 24.40 crore on 10.68% growth in total income to Rs 279.61 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 26 October 2017.

Meanwhile, the S&P BSE Sensex was up 70.77 points or 0.21% at 33,217.90. The S&P BSE Mid-Cap index was up 91.54 points or 0.56% at 16,425.90.

On the BSE, 3,640 shares were traded on the counter so far as against the average daily volumes of 8,862 shares in the past one quarter. The stock had hit a high of Rs 434.85 and a low of Rs 420 so far during the day. The stock had hit a record high of Rs 567.80 on 19 May 2017. The stock had hit a 52-week low of Rs 351 on 9 November 2017.

The stock had underperformed the market over the past one month till 26 October 2017, rising 0.9% compared with 6.38% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 8.53% as against Sensex's 2.59% rise. The scrip had also underperformed the market in past one year, rising 4.87% as against Sensex's 18.74% rise.

The mid-cap company has equity capital of Rs 90.22 crore. Face value per share is Rs 10.

Sharda Cropchem's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) fell 1.7% to Rs 500.80 crore in Q2 September 2017 over Q2 September 2016. EBITDA margin fell to 18% in Q2 September 2017 from 19.3% in Q2 September 2016.

Sharda Cropchem is a global crop protection chemical company largely operating across Europe, NAFTA and Latin America across fungicides, herbicides and insecticides. The company also runs a non-agrochemical business comprising of order-based procurement and supply of non-agrochemical products including conveyor belts and general chemicals, dyes and dyes intermediates.

Previous News
  Sharda Cropchem consolidated net profit declines 6.72% in the March 2019 quarter
 ( Results - Announcements 14-May-19   17:28 )
  Sharda Cropchem standalone net profit rises 58.15% in the September 2018 quarter
 ( Results - Announcements 31-Oct-18   16:03 )
  Sharda Cropchem to conduct AGM
 ( Corporate News - 05-Jul-24   09:56 )
  Volumes spurt at Sharda Cropchem Ltd counter
 ( Hot Pursuit - 06-Jun-23   14:30 )
  Volumes spurt at Tata Consultancy Services Ltd counter
 ( Hot Pursuit - 13-Mar-18   14:30 )
  Sharda Cropchem to hold board meeting
 ( Corporate News - 14-Oct-19   12:12 )
  Sharda Cropchem consolidated net profit declines 40.51% in the June 2022 quarter
 ( Results - Announcements 25-Jul-22   14:27 )
  Sharda Cropchem Ltd leads gainers in 'A' group
 ( Hot Pursuit - 29-Dec-22   12:00 )
  Sharda Cropchem consolidated net profit declines 33.65% in the September 2018 quarter
 ( Results - Announcements 31-Oct-18   17:07 )
  Sharda Cropchem to convene board meeting
 ( Corporate News - 18-May-21   14:42 )
  Sharda Cropchem reports standalone nil net profit/loss in the December 2014 quarter
 ( Results - Announcements 06-Feb-15   21:45 )
Other Stories
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top