Jay Bharat Maruti disappoints

Jay Bharat Maruti is down in the red on the back of its poor show for Q4FY19. It hit an intra day low at Rs.265, going down 3.7%. The stock has been losing for the last 4 days and has fallen -5.95% in the period. Its 52-week low stands at Rs.210.20.

For the fourth quarter of FY19, the company posted a 39% (YoY) fall in net profit at Rs.11 crore on a flat revenue of Rs.480 crore.

EBITDA was down 7.5% at Rs.44 crore while margins slipped from, 10% to 9.3%. The increase of 46% in finance cost has also got the market worried.