Talwalkars Better Value Fitness gained 1.46% to Rs 274 at 10:25 IST on BSE after consolidated net profit rose 18% to Rs 29.1 crore on 11% rise in revenue to Rs 105.90 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 10 November 2016.Meanwhile, the BSE Sensex was down 418.61 points, or 1.52%, to 27,099.07.
On BSE, so far 4,775 shares were traded in the counter, compared with an average volume of 34,381 shares in the past one quarter. The stock hit a high of Rs 274.20 and a low of Rs 262.80 so far during the day. The stock hit a 52-week high of Rs 302.05 on 3 October 2016. The stock hit a 52-week low of Rs 182 on 29 March 2016. The stock outperformed the market over the past one month till 10 November 2016, advancing 0.84% compared with 2.01% fall in the Sensex. The scrip also outperformed the market in past one quarter, rising 15.83% as against Sensex's 0.93% fall.
The small-cap company has equity capital of Rs 29.70 crore. Face value per share is Rs 10.
Talwalkars Better Value Fitness (TBVF) said that it has been able to sustain its margins at the same level inspite of cost pressures. Due to muted growth, the same store sales (SSS) in Q1 June 2016 remained flat but after the onset of monsoon the SSS was robust. The joint ventures and subsidiaries contributed higher than the earlier quarters. TBVF's earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose to 53% in Q2 September 2016 from 52% in Q2 September 2015.
TBVF is a leading chain of health and fitness centers in India.
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