 "Everest Industries surges on strong Q4 results")
Everest Industries has surged 12% to Rs 330 on the National Stock Exchange (NSE) after reporting an over three-fold jump in its net profit at Rs 10.07 crore for the fourth quarter ended March 2015 (Q4), on the back of strong operational performance. The cement & cement products maker had recorded a profit of Rs 3.04 crore in a year ago quarter.
During the quarter under review, total operational income grew 4% at Rs 318 crore, while total expenditure was almost flat at Rs 300 crore compared with the previous year quarter.
EBITDA or operating profit margins improved by 348 bps at 7.89% in March 2015 quarter against 4.41% in the corresponding quarter of previous fiscal.
The board of directors of the company has recommended a dividend @ 50% (Rs 5 per equity share) for the financial year 2014-15 subject to shareholders’ approval.
The stock opened at Rs 324 and touched high of Rs 340 on the NSE. The counter has seen huge trading volumes with a combined 148,705 shares changed hands against an average sub 50,000 shares that were traded daily in past two weeks on the NSE and BSE.
During the quarter under review, total operational income grew 4% at Rs 318 crore, while total expenditure was almost flat at Rs 300 crore compared with the previous year quarter.
EBITDA or operating profit margins improved by 348 bps at 7.89% in March 2015 quarter against 4.41% in the corresponding quarter of previous fiscal.
The board of directors of the company has recommended a dividend @ 50% (Rs 5 per equity share) for the financial year 2014-15 subject to shareholders’ approval.
The stock opened at Rs 324 and touched high of Rs 340 on the NSE. The counter has seen huge trading volumes with a combined 148,705 shares changed hands against an average sub 50,000 shares that were traded daily in past two weeks on the NSE and BSE.