Moneycontrol
Feb 14, 2018 02:22 PM IST | Source: Moneycontrol.com

Dhanuka Agritech, Gateway Distriparks fall over 1.5% after weak Q3 operational performance

Dhanuka Agritech said profit in Q3 grew by 6.4 percent year-on-year to Rs 28.6 crore and revenue from operations increased 4.6 percent to Rs 221.5 crore.

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Dhanuka Agritech and Gateway Distriparks shares declined more than 1.5 percent each after weak operational performance for quarter ended December 2017.

Dhanuka Agritech said profit in Q3 grew by 6.4 percent year-on-year to Rs 28.6 crore and revenue from operations increased 4.6 percent to Rs 221.5 crore.

Operating profit in Q3, however, fell 9 percent to Rs 35.3 crore and margin contracted 240 basis points to 15.9 percent compared to year-ago.

Gateway Distriparks' profit for October-December quarter slipped 37.4 percent to Rs 10.2 crore and revenue from operations slipped 3.4 percent to Rs 80.4 crore compared to same quarter last fiscal.

Its operating profit was down 17.5 percent at Rs 16 crore and margin contracted 330 basis points to 19.9 percent compared to year-ago.

At 14:13 hours IST, the stock price of Dhanuka Agritech was quoting at Rs 686.25, down Rs 9.20, or 1.32 percent and Gateway Distriparks was at Rs 211.85, down Rs 2.00, or 0.94 percent on the BSE.
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