Astral Poly Technik has surged nearly 5% to Rs 374, also its new high on the BSE, after reporting a more than doubled net profit at Rs 21.32 crore for the quarter ended December 31, 2013 (Q3FY14) on back of strong operational performance. The plastic products maker had profit of Rs 10.61 crore in the same quarter previous fiscal.
Total income from operations of the company grew 28.6% at Rs 265 crore for the quarter against Rs 206 crore in the corresponding quarter of previous year, Astral Poly Technik said in a statement.
The company’s EBITDA or operating margin improved substantially to 14.88% from 9.53% during the recently concluded quarter.
The stock opened at Rs 364 and touched a low of Rs 363 so far on the BSE. A combined around 56,000 shares changed hands on the counter till 1145 hours on the BSE and NSE.
Meanwhile, the stock has outperformed the market by surging nearly 20% in past seven trading sessions compared to 2.4% fall in benchmark S&P BSE Sensex.
Total income from operations of the company grew 28.6% at Rs 265 crore for the quarter against Rs 206 crore in the corresponding quarter of previous year, Astral Poly Technik said in a statement.
The company’s EBITDA or operating margin improved substantially to 14.88% from 9.53% during the recently concluded quarter.
The stock opened at Rs 364 and touched a low of Rs 363 so far on the BSE. A combined around 56,000 shares changed hands on the counter till 1145 hours on the BSE and NSE.
Meanwhile, the stock has outperformed the market by surging nearly 20% in past seven trading sessions compared to 2.4% fall in benchmark S&P BSE Sensex.