Indian Card Clothing Company has frozen 20% upper circuit at Rs 118 after reporting over five-fold jump in net profit at Rs 8.75 crore for December quarter on back of higher income from realty business. The company had a net profit of Rs 1.68 crore in the corresponding quarter of previous fiscal.
Total operational income grew 65% at Rs 25.78 crore on year-on-year basis, of income from realty business jumped over ten-fold at Rs 12.97 crore during the recently concluded quarter.
Meanwhile, the board of directors of the company has declared special interim dividend of 100% (Rs 10/- per share of Rs 10 each) to be paid within 30 days.
A combine 8,675 shares have changed hands on the counter so far and there are pending buy orders for 22,129 shares on the NSE and BSE.
