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.

SI Reporter  |  Mumbai 

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.

RECOMMENDED FOR YOU

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.

CMC 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.

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Take Solutions 154.85 19.99
Vijaya Bank 34.30 15.88
Sequent Scien. 864.25 15.19
Jindal Steel 63.45 10.44
Yamini Invest 46.65 9.64
> More on BSE Gainers
Company Price() Chg(%)
Vijaya Bank 34.25 16.10
Federal-Mogul Go 339.10 12.06
Jindal Steel 63.50 10.63
Suzlon Energy 15.75 9.38
Vedanta 73.90 9.08
> More on NSE Gainers
Company Price() Chg(%)
SE Investments 181.10 -7.01
Alembic Pharma 596.55 -5.77
Crompton Greaves 126.90 -5.33
ISGEC Heavy 4484.50 -5.12
Bosch 16133.20 -4.97
> More on BSE Gainers
Company Price() Chg(%)
Alembic Pharma 593.20 -6.33
Bosch 16089.10 -5.24
Ess Dee Alumin. 165.15 -4.98
Zydus Wellness 700.00 -4.68
J B Chem & Pharm 256.95 -4.46
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price