Tribhovandas Bhimji Zaveri stock declined 12.5% on the back of weak Q2 numbers.
The company has registered 90% decline in its Q2 net profit at Rs80lakh against Rs8cr in the same quarter last fiscal. Its revenue was down 27% at Rs326cr against Rs447cr.
EBITDA was down 50% at Rs12cr and margins were down 160 bps at 3.6%.
The stock is currently trading at Rs120.6, down by Rs17.2 or 12.48% from its previous closing of Rs137.8 on the BSE. The scrip opened at Rs127.8 and has touched a high and low of Rs128 and Rs116.4 respectively.
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