Gujarat Pipavav Port has soared 12% to Rs 100 after reporting a robust 73% year-on-year (yoy) rise in net profit at Rs 61 crore for the fourth quarter ended March 31, 2014 (Q4), on the back of strong operational performance. The company had reported a profit of Rs 35.4 crore in the year-ago quarter.
Total operational income of the company grew 25% yoy at Rs 156 crore, while expenditure declined by 4% yoy at Rs 65 crore over the previous year's corresponding quarter.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved substantially to 58.61% in the March 2014 quarter from 45.77% in the year-ago quarter, Gujarat Pipavav Port said in a statement.
The stock opened at Rs 92.20 and touched a 52-week high of Rs 106 on the NSE. The counter has seen huge trading activity, with a combined 4.85 million shares changing hands on the counter till 0945 hours on the BSE and NSE.
Total operational income of the company grew 25% yoy at Rs 156 crore, while expenditure declined by 4% yoy at Rs 65 crore over the previous year's corresponding quarter.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved substantially to 58.61% in the March 2014 quarter from 45.77% in the year-ago quarter, Gujarat Pipavav Port said in a statement.
The stock opened at Rs 92.20 and touched a 52-week high of Rs 106 on the NSE. The counter has seen huge trading activity, with a combined 4.85 million shares changing hands on the counter till 0945 hours on the BSE and NSE.