)
GHCL surged 10% to Rs 82.50 on BSE in an otherwise subdued market after reporting a healthy 55% year on year (yoy) growth in net profit at Rs 41.87 crore for the third quarter ended December 31, 2014 (Q3), on the back of strong operational performance.
The company engaged in commodity chemicals business had registered a profit of Rs 26.99 crore in the year ago quarter.
Net sales during the quarter under review grew 6.4% at Rs 580 crore against Rs 548 crore in the corresponding quarter of previous fiscal. Total expenditure increased by 2.8% at Rs 479 crore on y-o-y basis.
The sock opened at Rs 81 and hit a high of Rs 84 on BSE. The trading volumes on the counter more than doubled with a combined 1.22 million shares changed hands in first half-an-hour of trading on BSE and NSE.
Net sales during the quarter under review grew 6.4% at Rs 580 crore against Rs 548 crore in the corresponding quarter of previous fiscal. Total expenditure increased by 2.8% at Rs 479 crore on y-o-y basis.
The sock opened at Rs 81 and hit a high of Rs 84 on BSE. The trading volumes on the counter more than doubled with a combined 1.22 million shares changed hands in first half-an-hour of trading on BSE and NSE.
