Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show

The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.

Shares of Kabra ExtrusionTechnik surged 15 per cent to Rs 539 on the BSE in Monday’s intra-day trade after the company reported a strong performance in December quarter (Q3FY23), with profit after tax (PAT) up 30.8 per cent year-on-year (YoY) at Rs 11.5 crore, on healthy revenue.

The stock of the leading extrusion machinery company and emerging battery pack player traded close to its 52-week high of Rs 562, touched on January 21, 2022.

The company’s revenues grew 96.3 per cent YoY and 14 per cent sequentially at Rs 207 crore. Earnings before interest, taxes, depreciation, and amortization