Vakrangee falls 4% on poor Q4 show

Revenue declined 94.5% at Rs 101.5 crore versus Rs 1,846.9 crore, YoY.

Share price Vakrangee fell 4.7 percent intraday Monday after company reported poor set of numbers for the quarter ended March 2019.

The company's Q4 net profit shed 91.5% at Rs 6.5 crore against Rs 76 crore in the same quarter last year.

Revenue declined 94.5% at Rs 101.5 crore versus Rs 1,846.9 crore, YoY.

Company's tax expenses stood at Rs 9.2 crore versus Rs 37.2 crore.

At 11:42 hrs Vakrangee was quoting at Rs 56.70, down Rs 1.15, or 1.99 percent on the BSE.

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