The company operates in electrolytic products business had profit of Rs 3.7 million in the same quarter last fiscal and reported a loss of Rs 10 million in September quarter.
Operational revenue of the company during the quarter under review increased nearly three-fold to Rs 134 million from Rs 50 million in the corresponding quarter of previous fiscal.
In past three weeks, the stock zoomed 110% from Rs 280 on January 25, 2018, as compared to 4.6% decline in the S&P BSE Sensex. De Nora India announced its Q3FY18 results on January 29, 2018.
De Nora India (erstwhile known as Titanor Components) is a subsidiary of the De Nora Group and has brought to India the latest technologies with the complete support of De Nora's technical expertise and management. De Nora held 53.68% stake in De Nora India. De Nora India as part of De Nora is a leader in the fields of cathode & anode for chlor-alkali industry, electrochlorinators and cathodic protection systems.
De Nora is recognised worldwide as a leading supplier of technologies for the production of chlorine, caustic soda and derivatives for the chlor-alkali industry as well as the largest worldwide manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electrochemical industry in general. Energy saving and environmental protection are De Nora's distinguishing technologies.
At 10:27 am; the stock was trading 6% higher at Rs 583 on BSE against 0.71% rise in the Sensex. A combined 321,899 shares changed hands on the counter on BSE and NSE so far.