Wheels India plunges on posting 38% fall in Q4 net profit

31 May 2012 Evaluate

Wheels India is currently trading at Rs. 731.10, down by 17.95 points or 2.40% from its previous closing of Rs. 749.05 on the BSE.

The scrip opened at Rs. 740.00 and has touched a high and low of Rs. 760.00 and Rs. 717.40 respectively. So far 96838 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 807.00 on 30-May-2012 and a 52 week low of Rs. 229.95 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs. 807.00 and Rs. 615.00 respectively. The current market cap of the company is Rs. 720.47 crore.

The promoters holding in the company stood at 85.62% while Institutions and Non-Institutions held 3.66% and 10.72% respectively.

Wheels India has registered fall of 37.56% in its net profit of Rs 7.05 crore for the quarter ended March 31, 2012 as compared to Rs 11.29 crore during the same period the previous fiscal. However, the total income increased 21.95% to at Rs 578.37 crore during the quarter under review, from Rs 474.26 crore for the corresponding period last year.

For the fiscal year 2011-12, the company has posted a growth of 39.41% to Rs 34.35 crore as against Rs 24.64 crore registered in the previous year.

The company said that the net profit for the period is not comparable, since there was a one-time provisioning on the tax front.

Wheels India Share Price

692.95 -16.85 (-2.37%)
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