Bhansali Engineering Polymers up 5% on robust Q3 results

The stock locked in upper circuit of 5% at Rs 209 on BSE after the company reported nine-fold jump in net profit at Rs 291 million in Q3FY18.

Bhansali Engineering Polymers was locked in upper circuit of 5% at Rs 209 on BSE after the company reported nine-fold jump in net profit at Rs 291 million for the quarter ended December 2017 (Q3FY18), on back of strong operational income.

The company engaged in specialty chemicals business had profit of Rs 31 million in the same quarter last fiscal.

Operational revenue during the quarter under review more than doubled to Rs 2,579 million from Rs 1,229 million in the corresponding quarter of previous fiscal.

The company posted net profit of Rs 711 million for the