Indian Hume Pipe, Ajmera Realty down 6-14% on weak Q2 numbers

Share price of Indian Hume Pipe Company and Ajmera Realty and Infra India tumbled 6-14 percent intraday Friday on weak Q3 performance.

Indian Hume Pipe Company has reported 17 percent decline in its Q3 net profit at Rs 14.6 crore. Revenue was down 12.7 percent at Rs 357.5 crore.

The operating profit (EBITDA) was down 12 percent at Rs 37 crore and Margin was down at 10.3 percent.

Ajmera Realty and Infra India’s Q3 net profit was down 8.6 percent at Rs 21 crore, while revenue was up 10 percent at Rs 90 crore.

The company’s EBITDA was down 15 percent at Rs 33.5 crore and Margin was down 1100 bps at 37 percent.

At 10:08 hrs Ajmera Realty was quoting at Rs 280.05, down 9.31 percent and Indian Hume Pipe was quoting at Rs 393.80, down 2.31 percent on the BSE.

Posted by Rakesh Patil,moneycontrol