 "TRF surges on turnaround Q2 results")
TRF has surged 20% to Rs 329 on the BSE after the company reported a consolidated net profit of Rs 4.14 crore for the quarter ended September 30, 2015 (Q2) against a loss of Rs 9 crore in the year ago quarter.
Net sales of the company during the quarter increased by 8% at Rs 266 crore against Rs 246 crore in the corresponding quarter of previous fiscal.
The company posted operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit of Rs 25.42 crore against profit of Rs 10.48 crore in the same quarter last year. EBITDA margin improved to 9.55% from 4.25% in previous year quarter.
Till 0925 am, a combined 447,869 shares changed hands on the counter and there were pending buy orders for 179,149 shares on the NSE and BSE.
Net sales of the company during the quarter increased by 8% at Rs 266 crore against Rs 246 crore in the corresponding quarter of previous fiscal.
The company posted operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit of Rs 25.42 crore against profit of Rs 10.48 crore in the same quarter last year. EBITDA margin improved to 9.55% from 4.25% in previous year quarter.
Till 0925 am, a combined 447,869 shares changed hands on the counter and there were pending buy orders for 179,149 shares on the NSE and BSE.
