Aries Agro slips 10 per cent on poor Q4FY18 numbers

Aries Agro reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 48.12 crore, registering 22.5 per cent yoy decline.

EBITDA for the quarter fell by 15.7 per cent yoy to Rs. 3.6 crore with a corresponding margin expansion of 60 bps. EBITDA margin for the quarter stood at 7.5 per cent.

The net loss for the quarter came in at Rs. 4.21 crore vs net loss of Rs. 3.87 crore in the corresponding quarter last year.

The board of directors have recommended a final dividend of Rs. 2.30 per equity share of the face value of Rs 10 each.

Aries Agro is engaged in the business of manufacturing micronutrients and other nutritional products for plants and animals.

On Thursday, the stock opened at Rs. 171.05 per share, down by 6 per cent from its previous close of Rs. 181.30 and tanked by almost 10 per cent and made an intraday low of Rs. 163.20 on the BSE.