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

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