 "CCL Products hits record high on strong Q3 results")
CCL Products (India) has surged 7% to Rs 187 on National Stock Exchange (NSE) after reporting a strong 52% year on year (yoy) jump in consolidated net profit at Rs 26.11 crore for the third quarter ended December 31, 2014 (Q3), on back of healthy operational income. The company had profit of Rs 17.19 crore in a year ago quarter.
Net sales of the company during the quarter under review increased 22% yoy at Rs 241 crore against Rs 198 crore in the corresponding quarter of previous fiscal.
CCL Products is engaged in the manufacture of Soluble Instant Spray Dried Coffee Powder, Spray Dried Agglomerated / Granulated Coffee, Freeze Dried Coffee, as well as Freeze Concentrated Liquid Coffee.
The stock opened at Rs 178 and hit a record high of Rs 189 on NSE. Till 0955 hours, a combined around 1.01 million shares have already changed hands against an average sub 50,000 shares that were traded daily in past two weeks on NSE and BSE.
Net sales of the company during the quarter under review increased 22% yoy at Rs 241 crore against Rs 198 crore in the corresponding quarter of previous fiscal.
CCL Products is engaged in the manufacture of Soluble Instant Spray Dried Coffee Powder, Spray Dried Agglomerated / Granulated Coffee, Freeze Dried Coffee, as well as Freeze Concentrated Liquid Coffee.
The stock opened at Rs 178 and hit a record high of Rs 189 on NSE. Till 0955 hours, a combined around 1.01 million shares have already changed hands against an average sub 50,000 shares that were traded daily in past two weeks on NSE and BSE.