JBF Industries nears four-year low; tanks 27% in two trading days

JBF Industries was quoting close to its four year low at Rs 104, down 9%, falling 27% from Rs 143 in past two trading days on the BSE. The stock is trading at its lowest level since May 27, 2014.

Since February 8, 2018, JBF Industries tanked 44% from Rs 185 after reported a weak set of numbers for the quarter ended December 2017 (Q3FY18). On comparison, the S&P BSE Sensex was down 4% during the same period.

The company engaged in the business of producing polyester based products had posted net loss of Rs 163 million Q3FY18 against a net profit of Rs 35 million in previous year quarter.

For the first nine months (April-December) of the current financial year 2017-18 (FY18), it reported net loss of Rs 437 million as compared to net profit Rs 245 million during the same period of FY17.