Great Offshore has surged 13% to Rs 121 after reporting almost five-fold jump in net profit at Rs 8.29 reported a net profit of Rs 1.83 crore in a year ago quarter.
The company’s total operational income grew 16% at Rs 230 crore, while the total expenditure declined 0.59% at Rs 167 crore on year-on-year basis. The operating profit margins improved to 53.24% from 39.49% and net profit margins to 4.12% from 0.94% during the recently concluded quarter.
A combined 908,861 shares have already changed hands on the counter so far, against an average around 500,000 shares that were traded daily in past two weeks on both the exchanges.