Sabero Organics Gujarat has rallied 11% to Rs 117 after reporting a net profit of Rs 9.45 crore for the quarter ended June 30, 2013 (Q1) on back of strong operational income. The agrochemicals company had net loss of Rs 1.89 crore in a year ago quarter.
The company’s total operational income for the quarter increased by 45% to Rs 181 crore as compared to Rs 125 crore . EBITDA margin improved 400 bps to 10.85% from 6.78% during the recently concluded quarter.
The stock opened at Rs 111 and hit a high of Rs 124 on NSE. A combined 146,373 shares have changed hand on the counter till early morning deals against an average sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.
The company’s total operational income for the quarter increased by 45% to Rs 181 crore as compared to Rs 125 crore . EBITDA margin improved 400 bps to 10.85% from 6.78% during the recently concluded quarter.
The stock opened at Rs 111 and hit a high of Rs 124 on NSE. A combined 146,373 shares have changed hand on the counter till early morning deals against an average sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.
