Jyoti Structures shares fall on estimates

Shares of turnkey power projects contractor Jyoti Structures were lower in early trade after the company on Friday posted a lower-than-expected sales growth in October-December.

Its EBITDA margin compressed 130 basis points on year to 10.1 percent as sub-contracting expenses rose and higher interest burden impacted profitability,Angel Broking said in a note.

At 9.48 a.m,the stock was down 5.5 percent at 47.30 rupees.

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