 "Shemaroo Entertainment surges 20% on heavy volumes")
Shares of Shemaroo Entertainment have locked in upper circuit of 20% at Rs 240 on BSE on back of heavy volumes.
The trading volumes on the counter surged over ten-fold with a combined 1.18 million shares changed hands till 1350 hours.There are pending buy orders for 42,594 shares on BSE and NSE.
The company engaged in movies and entertainment business has reported 38% year on year jump in consolidated net profit at Rs 10.19 crore for the third quarter ended December 31, 2014 (Q3FY15). The company had profit of Rs 7.37 crore in year ago quarter.
Total income increased by 1.5% to Rs 87.66 crore from Rs 86.32 crore in the corresponding quarter of previous fiscal. EBITDA or operating profit margin expanded over 300bps to 23.1% in Q3FY15 against 20% in Q3FY14.
The trading volumes on the counter surged over ten-fold with a combined 1.18 million shares changed hands till 1350 hours.There are pending buy orders for 42,594 shares on BSE and NSE.
The company engaged in movies and entertainment business has reported 38% year on year jump in consolidated net profit at Rs 10.19 crore for the third quarter ended December 31, 2014 (Q3FY15). The company had profit of Rs 7.37 crore in year ago quarter.
Total income increased by 1.5% to Rs 87.66 crore from Rs 86.32 crore in the corresponding quarter of previous fiscal. EBITDA or operating profit margin expanded over 300bps to 23.1% in Q3FY15 against 20% in Q3FY14.