New Document top_band
 
Business Standard

CMC hits record high on robust Q3 earnings

EBITDA or operating margin have improved by over 160 basis points yoy through improved business mix and operational efficiencies.

Read more on:    Cmc | It | Tcs
Related News

has soared 7% to Rs 1,431 after reporting 48% year-on-year (yoy) jump in consolidated net profit at Rs 61.06 crore for the third quarter ended December 2012 (Q3). The Tata group firm had posted a net profit of Rs 41.37 crore during the same period last financial year.

“Total income from operations grew 24% at Rs 493 crore in Q3 compared to Rs 396 crore in the same period last year,” CMC said in a statement.

“The company was able to improve EBITDA or operating margin by over 160 basis points yoy through improved business mix and operational efficiencies” said JK Gupta, CFO.

“Increased offshore business from SEZ enabled improvement of net profit margin by 200 basis points year on year” he added.

The stock opened at Rs 1,343 and hit a record high of Rs 1,450 on the NSE. A combined around 95,549 shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Quick Links

 

Market News

Vietnam pepper exports crossed 110,000 tones

Whereas India could hardly managed to export only 9,500 tones of pepper during the period

Markets extend losses; RIL slumps over 2%

The S&P BSE Sensex slumped over 150 points at 26090 level while the CNX Nifty dipped over 50 points at 7,773 level

Pharma shares in demand; Healthcare index hits new high

Sun Pharma, Ranbaxy, Dr Reddy's Lab, Lupin, Glenmark, Wockhardt and Cadila Healtchare gained 1-8% on BSE.

Indian bond market to touch $160 billion by 2018: Morgan Stanley

Expects India to be the second largest issuer behind China in Asia

Sensex down over 200 points; Tata Motors, RIL dip 3%

Investors booked profits at higher levels after gains in the previous eight sessions

Back to Top