Moneycontrol
Nov 10, 2017 12:07 PM IST | Source: Moneycontrol.com

Esab India, Titagarh Wagons, Heritage Foods down 5.7% on poor Q2 numbers

Titagarh Wagons has reported loss of Rs 8.1 crore in Q2FY18 against profit of Rs 8.1 crore.

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Shares of Esab India, Titagarh Wagons and Heritage Foods declined 5-7 percent intraday Friday on the back of poor Q2 numbers.

Esab India has reported 14.6 percent fall in its Q2 net profit at Rs 9.3 crore versus Rs 10.9 crore in the same quarter last fiscal.

Revenue was down 4 percent at Rs 129.6 crore versus Rs 134.9 crore.

Heritage Foods has registered 70 percent decline in its Q2 net profit at Rs 7.4 crore versus Rs 24.4 crore.

The company's dairy segment revenue was at Rs 608 crore versus Rs 462 crore.

Titagarh Wagons has reported loss of Rs 8.1 crore in Q2FY18 against profit of Rs 8.1 crore.

Revenue was down 9 percent at Rs 367 crore, EBITDA was down 61 percent at Rs 12.8 crore and margins were down 450 bps at 3.5 percent.

At 12:03 hrs Titagarh Wagons was quoting at Rs 141.35, down 3.45 percent, Esab India was quoting at Rs 880, down 4.74 percent and Heritage Foods was quoting at Rs 654, down 5.55 percent on the BSE.

Posted by Rakesh Patil
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