Technofab Engineering Ltd reports Q1FY19 results

The Board of Directors of Technofab Engineering Ltd has approved the unaudited financial results for the Quarter ended 30th June 2018 at its Board Meeting held on 13th August 2018.

Financials:

The Revenue (standalone Turnover) during the quarter was Rs. 103 Cr. which represents an increase of 23.4% when compared to the results of the corresponding period of the previous year.

The pre-tax profit (PBT) for the quarter was Rs. 2.81 Cr which equates to a ratio of 2.73% of Turnover and represents an increase of 26.6% over the corresponding period of the previous year.

The profit after tax (PAT) for the quarter was at Rs. 1.83 Cr. which equates to a ratio of 1.78% of Turnover and an increase of 37.6% over the corresponding period olthe previous year.

The Company has reported EPS of Rs. 1.72 for the quarter ended March 31, 2018 as compared to Rs. 1.27 for the corresponding perid of the previous year.

Shares of TECHNOFAB ENGINEERING LIMITED was last trading in BSE at Rs.166.7 as compared to the previous close of Rs. 164. The total number of shares traded during the day was 430 in over 16 trades.

The stock hit an intraday high of Rs. 168.8 and intraday low of 164. The net turnover during the day was Rs. 71128.

Source : Equity Bulls

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