Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Gammon Infra down 5%; net slips, EBITDA margin down 920 bps

    The company's Q1 (April-June) net profit was down by 1.7 percent at Rs 5.9 crore, while its total income rose 20.2 percent at Rs 80.9 crore.
    August 26, 2016 / 13:55 IST

    Moneycontrol BureauShares Gammon Infrastructure Projects slipped 5 percent intraday Friday as it has shown declined in its net profit for the quarter ended June 2016.The company's Q1 (April-June) net profit was down by 1.7 percent at Rs 5.9 crore, while its total income rose 20.2 percent at Rs 80.9 crore.The EBITDA of the company down 30.6 percent at Rs 10.2 crore and EBITDA margin was down 920 bps at 12.6 percent.At 12:27 hrs Gammon Infrastructure Projects was quoting at Rs 5.12, down Rs 0.21, or 3.94 percent on the BSE.Posted by Rakesh Patil

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347