Q3FY17 Results: Advanced Enzyme Technologies
On Tuesday, Advanced Enzyme Technologies Ltd. reported its consolidated results for the quarter ended on December 31, 2016.
The company's sales for this quarter, Q3FY17, came in at Rs 60.3 crore. This represents a 33.59 per cent sequential decline and 18.95 per cent YoY decline. Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 16.2 crore and the EBIT margin stood at 26.87 per cent. In terms of the bottom-line, the company reported a PAT figure of Rs 15 crore, which represents a sequential QoQ decline of 48.63 per cent and a YoY decline of 26.83 per cent.
Technical Levels for Advanced Enzyme Technologies
Support at 1600--1550 and Resistance at 1900
Looks weak and could touch support levels of 1550, Break and sustain below 1550 will take it to 1450—1400 mark, else could touch its resistance level of 1900 again.
More will update soon!!
