Foseco India surges 9%, hits over 5-year high on strong Dec quarter results

The company's board recommended a total final dividend of Rs 40 (400%) per share, including a one-time special dividend of Rs 15 (150%)

Shares of Foseco India rallied 9 per cent to hit an over five-year high of Rs 2,189 on the BSE in Tuesday’s intra-day trade after the company reported a 51 per cent jump in its net profit to Rs 1,226 crore in the December quarter (Q4CY22). The stock of the specialty chemicals company was quoting at its highest level since January 2018.
 
The company, which follows January-December cycle for the financial year, reported 21 per cent growth in revenue from operations at Rs 105.70 crore against Rs 87.46 crore in Q4CY21.

Earnings before interest, taxes, depreciation, and amortization