/ Technofab Engineering : Tables Weak Financials Slips Over 5 % ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 22 May 2017

Technofab Engineering was trading in a bearish mood in the first half of the day on BSE and slipped over 5 %. Earlier the construction and engineering firm has tabled a weak financial report for the quarter and financial year ended on 31 March 2017 on Saturday.

The company reported a dip of 12.8%in its turnover (standalone) in comparison with the previous year. The turnover for this year stood at Rs 402 crore. The company’s Profit after tax stood at 8.8 crores which are 2.21% of turnover, marginally lower than the previous year.

EBITDA margin maintained an upward trajectory for the 4th year and increased to 9.8% for the year (against 8.5% during the preceding year). Technofab Engineering Limited is engaged in providing long-distance pipelines, communication and power line (cables) and construction services.

The Company is also engaged in the business of providing engineering, procurement and construction services for auxiliary/balance of plant systems on turnkey basis. 

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