 "Anjani Portland Cement hits lifetime high on robust Q2 results")
Anjani Portland Cement has soared 9% to Rs 195, extending its previous day’s 5% gain on the BSE, after the company posted an over three-fold jump in net profit at Rs 9.60 crore for the quarter ended September 30, 2015 (Q2), on back of strong realization and lower finance cost.
The cement & cements products maker had profit of Rs 2.88 crore in a year ago quarter.
Net sales of the company during the quarter increased by 25.8% at Rs 79.13 crore against Rs 63.07 crore in the corresponding quarter of previous fiscal. Finance cost almost halved from Rs 7.78 crore to Rs 4.08 crore during the recently concluded quarter.
The company has reported a net profit of Rs 16.31 crore for the first half (April-September 2015) of the current fiscal against a loss of Rs 6.77 crore in the same period last year. It had profit of Rs 16.71 crore in entire previous financial year 2014-15.
The stock hit a record high of Rs 209 on the BSE in intra-day trade and has seen huge trading volumes. Around 62,000 shares already changed hands on the counter till 12:52 pm, against two weeks average of sub 10,000 shares on the BSE.
The cement & cements products maker had profit of Rs 2.88 crore in a year ago quarter.
Net sales of the company during the quarter increased by 25.8% at Rs 79.13 crore against Rs 63.07 crore in the corresponding quarter of previous fiscal. Finance cost almost halved from Rs 7.78 crore to Rs 4.08 crore during the recently concluded quarter.
The company has reported a net profit of Rs 16.31 crore for the first half (April-September 2015) of the current fiscal against a loss of Rs 6.77 crore in the same period last year. It had profit of Rs 16.71 crore in entire previous financial year 2014-15.
The stock hit a record high of Rs 209 on the BSE in intra-day trade and has seen huge trading volumes. Around 62,000 shares already changed hands on the counter till 12:52 pm, against two weeks average of sub 10,000 shares on the BSE.