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Shares of Jindal Poly Films surged by 8% to Rs 378 on the NSE after the company reported more-than-double jump in net profit at Rs 107 crore for the quarter ended June 30, 2015 (Q1) on the back of strong operational performance.
The company, engaged in flexible packaging films business, had posted a profit of Rs 49 crore in the year-ago quarter.
The company's total income from operations for the quarter grew 8% at Rs 721 crore against Rs 667 crore in the corresponding quarter of previous fiscal. Total expenditure, however, declined by 4.4% at Rs 580 crore on a year-on-year basis.
The stock hit a 52-week high of Rs 392 on the NSE in intra-day trades. The trading volumes on the counter jumped nearly five-fold, with a combined 1.55 million shares changing hands on the NSE and BSE till 01:53 PM.
The company, engaged in flexible packaging films business, had posted a profit of Rs 49 crore in the year-ago quarter.
The company's total income from operations for the quarter grew 8% at Rs 721 crore against Rs 667 crore in the corresponding quarter of previous fiscal. Total expenditure, however, declined by 4.4% at Rs 580 crore on a year-on-year basis.
The stock hit a 52-week high of Rs 392 on the NSE in intra-day trades. The trading volumes on the counter jumped nearly five-fold, with a combined 1.55 million shares changing hands on the NSE and BSE till 01:53 PM.
