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Doms Industries Share Price Falls 5 Percent As Q1 Revenue Declines, Net Profit Drops

Doms Industries Share Price Falls 5 Percent As Q1 Revenue Declines, Net Profit Drops

Doms Industries Stock pencilled in a 5% fall on Tuesday after posting a decline in its first quarter net profit and revenue. The stock. The share price opened at a low of Rs 2,175.

The company’s bottom-line declined 22.3% to Rs 44.5 crore from Rs 57.3 crore in the  year-ago period. Revenue rose 19.2% to Rs 671 crore from Rs 562 crore. 

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Ebitda dropped 16.4% to Rs 82.6 crore from Rs 98.7 crore in the corresponding quarter of the last fiscal, and margin narrowed  by 530 basis points to 12.3% from 17.6%. 

As of 10 a.m. IST, the…

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