Uniply Industries hits record high on strong Q3 results; 1:5 stock split

The stock hit a record high of Rs 477, up 6%, extending its past two days 10% surge on BSE.

Uniply Industries hits a record high of Rs 477, up 6% on BSE, extending its past two days 10% surge, after the company reported a 56% year-on-year (YoY) growth in net profit at Rs 80 million in December quarter (Q3FY18). The revenue from operations grew 18% at Rs 1,025 million on YoY basis.

The company announced that its board had approved the splitting of each equity share into five.

"The board of directors of the company approved the sub-division (split) of equity shares of the company from the existing face value of Rs 10 per equity share to