Thursday, 17 May 2018

Brigade Enterprises Q4FY18 net profit slumps 81%; Stock sinks over 6%

Brigade Enterprises, the flagship company of the Brigade Group, in its Q4FY18 results yesterday reported an 81% drop in net profit (with profit share of associates). The shares dropped over 6% in intra-day trades today. In its Q4FY18 results reported yesterday post market hours, Brigade reported a sharp decline in all three key parameters of revenue, EBITDA, and PAT missing consensus estimates.

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1 comment:

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