 "Rain Industries hits new high on strong September quarter earnings")
Rain Industries hit a new high of Rs 374, up 10%, extending its Wednesday’s 6% surge on the BSE, after the company reported robust set of numbers for the September quarter (Q3CY17).
The company reported 94% year on year (y-o-y) growth in net profit at Rs 246 crore in Q3CY187against Rs 127 crore in a year ago quarter. Net revenue grew by 33% at Rs 3,038 crore on y-o-y basis.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins improved to 22.1% in Q3CY17 from 19.8% in Q3CY16 and 17.2% in Q2CY17.
Rain Industries' expansion projects
The company reported 94% year on year (y-o-y) growth in net profit at Rs 246 crore in Q3CY187against Rs 127 crore in a year ago quarter. Net revenue grew by 33% at Rs 3,038 crore on y-o-y basis.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins improved to 22.1% in Q3CY17 from 19.8% in Q3CY16 and 17.2% in Q2CY17.
Rain Industries' expansion projects
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