 "International Paper soars 20% on robust Q3 results")
International Paper APPM was locked in upper circuit of 20% at Rs 276 on the BSE after the company reported a robust standalone net profit of Rs 15 crore for the third quarter ended December 2015 (Q3YF16) on back of strong operational performance.
The company engaged in paper & paper products business had profit of Rs 1.16 crore in December 2014 quarter and loss of Rs 6.46 crore in September 2015 quarter.
Net sales during the quarter review increased marginally 2.5% at Rs 282 crore against Rs 275 crore in the corresponding quarter of previous fiscal. Total expenditure declined 4.4% at Rs 263 crore on year on year basis.
The trading volumes on the counter jumped an over 10-fold with a combined 557,890 shares changed hands on the BSE and NSE. At 12:20 p.m. there were pending buy orders for 65,706 shares on both the exchanges.
The company engaged in paper & paper products business had profit of Rs 1.16 crore in December 2014 quarter and loss of Rs 6.46 crore in September 2015 quarter.
Net sales during the quarter review increased marginally 2.5% at Rs 282 crore against Rs 275 crore in the corresponding quarter of previous fiscal. Total expenditure declined 4.4% at Rs 263 crore on year on year basis.
The trading volumes on the counter jumped an over 10-fold with a combined 557,890 shares changed hands on the BSE and NSE. At 12:20 p.m. there were pending buy orders for 65,706 shares on both the exchanges.