Tinplate takes a hard knock

Tinplate Company of India has taken a hard knock on its head today on the bourses. The stock price is down 5% at Rs.81 levels. Its 52-week high and low stands at Rs.107.70 and Rs.56.70 respectively.

The stock price has been beaten red today on account of its very poor show for Q3Fy17. There was all around fall. EBITDA slipped 62% (YoY) at Rs.19 crore with margins slipping by a gargantuan 1480 bps to 8.4%.

Net profit for the quarter came in 80% lower at Rs.4.5 crore, down from 23 crore in previous Q3. Now that is a huge fall and the market is not taking too kindly to this poor performance.