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Shares of Siyaram Silk Mills have moved higher by 10% to Rs 1,050 on the NSE after reporting a strong 59% year-on-year jump in net profit at Rs 32.14 crore for the fourth quarter ended March 2015 (Q4). The textiles company had reported a profit of Rs 20.19 crore in the year-ago quarter.
Net sales during the quarter under review grew by 18% at Rs 479 crore against Rs 405 crore in the corresponding quarter of the previous fiscal, Siyaram Silk Mills said in a statement.
EBITDA or operation profit margin improved by 150 basis points to 12.15% in March quarter from 10.63% in the previous year's corresponding quarter.
Net sales during the quarter under review grew by 18% at Rs 479 crore against Rs 405 crore in the corresponding quarter of the previous fiscal, Siyaram Silk Mills said in a statement.
EBITDA or operation profit margin improved by 150 basis points to 12.15% in March quarter from 10.63% in the previous year's corresponding quarter.
Meanwhile, the board has recommended dividend of Rs 10 (100%) per equity share of the face value of Rs 10 each for the financial year ended March 31, 2015, it added.
The stock opened at Rs 1,009 and hit a record high of Rs 1,053 on the NSE. A combined 20,737 shares changed hands on the counter till 1026 hours on the NSE and BSE.
The stock opened at Rs 1,009 and hit a record high of Rs 1,053 on the NSE. A combined 20,737 shares changed hands on the counter till 1026 hours on the NSE and BSE.
