Century Textiles & Industries declines on reporting net loss of Rs 25.66 crore in Q2

31 Oct 2012 Evaluate

Century Textiles& Industries is currently trading at Rs. 371.75, down by 5.20 points or 1.38% from its previous closing of Rs. 376.95 on the BSE.

The scrip opened at Rs. 375.25 and has touched a high and low of Rs. 376.50 and Rs. 367.70 respectively. So far 193739 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.40 on 19-Oct-2012 and a 52 week low of Rs. 215.65 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs. 402.25 and Rs. 367.70 respectively. The current market cap of the company is Rs. 3436.64 crore.

The promoters holding in the company stood at 40.38% while Institutions and Non-Institutions held 25.97% and 33.31% respectively.

Century Textiles & Industries has reported result for second quarter ended September 30, 2012.

On standalone basis, the company has reported a net loss of Rs 25.66 crore for the quarter ended September 30, 2012 against net loss of Rs 32.16 crore for the corresponding period last fiscal. However, total income increased by 29.65% at Rs 1439.52 crore during the quarter under review from Rs 1110.29 crore in the year-ago period.

Century Textiles has three business verticals cement, textiles and paper. Largest revenue contribution comes from the cement business at 60% while textiles and paper verticals account for 20% each. Meanwhile, US-based International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.

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