Q1 Update: Panchmahal

DoW had estimated NP for Q1. However co has reported Loss of 2.19cr. Although this figure is lower than Loss of 4.85 Cr in Q1/FY17.

For Q1 Sales have increased to 112cr Vs 105cr QoQ. Only reason for Loss is Other Expenses are 9.49cr Vs 4.44cr, increase of 5 Cr. And Other Expenses have increased only due to ISO18001 exercise. Panchmahal has recently obtained ISO18001 which is mandatory for exports to Europe. Hence investors not to panicked as Q3 onwards, results should be positive with substantial profits

*With mktcap of less than 100cr, Panchmahal is most Undervalued Steel stock*

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