 "Tata Metaliks hits 52-week high on healthy Q4 results; stock surges over 15%")
Tata Metaliks has surged 18% to Rs 133, also its 52-week high on the BSE, after the company reported 71% jump in consolidated net profit at Rs 48.62 crore for the quarter ended March 2016 (Q4FY16), on the back of strong operational performance.
Tata Group Company engaged in the manufacture of pig iron had registered a profit of Rs 28.43 crore in the year ago quarter.
Net sales of the company however declined by 10% at Rs 348 crore, while total expenditure by 16% at Rs 284 crore over the previous year quarter.
Earnings before interest, taxes, depreciation and amortization (EBITDA) margin stood at 22.06% in Q4FY16 against 13.18% in Q4FY15.
The board of directors of the company has recommended a dividend of Rs 8.50 per non-cumulative redeemable preference shares of Rs 100 each and a dividend of Rs 2 per equity share of Rs 10 each for the year ended March 31, 2016.
At 02:59 am, the stock was up 16% to Rs 131 on the BSE on back of an over 10-fold jump in trading volumes. A combined 4.82 million shares representing 19% of total equity of Tata Metaliks changed hands on the counter on the BSE and NSE so far.
Tata Group Company engaged in the manufacture of pig iron had registered a profit of Rs 28.43 crore in the year ago quarter.
Net sales of the company however declined by 10% at Rs 348 crore, while total expenditure by 16% at Rs 284 crore over the previous year quarter.
Earnings before interest, taxes, depreciation and amortization (EBITDA) margin stood at 22.06% in Q4FY16 against 13.18% in Q4FY15.
The board of directors of the company has recommended a dividend of Rs 8.50 per non-cumulative redeemable preference shares of Rs 100 each and a dividend of Rs 2 per equity share of Rs 10 each for the year ended March 31, 2016.
At 02:59 am, the stock was up 16% to Rs 131 on the BSE on back of an over 10-fold jump in trading volumes. A combined 4.82 million shares representing 19% of total equity of Tata Metaliks changed hands on the counter on the BSE and NSE so far.