FIEM Industries - Q1FY21 Results - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

"For 1QFY21, Fiem Industries (FIL)'s top-line declined by ~81% yoy to Rs67cr. Top-line was negatively impacted mainly due COVID-19 lockdown. On the operating front, the company reported loss of ~Rs15cr (against profit of ~Rs40cr in 1QFY20) due to negative impact of operating leverage. On the bottom-line front, FIL reported loss of ~Rs24cr (against profit of ~Rs14cr in 1QFY20) due to lower sales. Going forward, we expect the recovery in sales back of revival of 2Ws & 4Ws industry."

Shares of FIEM INDUSTRIES LTD. was last trading in BSE at Rs.551 as compared to the previous close of Rs. 573.95. The total number of shares traded during the day was 7955 in over 886 trades.

The stock hit an intraday high of Rs. 568.5 and intraday low of 547.65. The net turnover during the day was Rs. 4426837.

Source : Equity Bulls

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