Revenues from operations grew 42% to Rs 550 crore from Rs 388 crore in the corresponding quarter of previous fiscal. The operating profit (EBITDA) gained 24.2% at Rs 42.1 crore. EBTIDA margin however, decline to 7.7% from 8.7% in previous year quarter.
For the financial year 2016-17 (FY17), the company reported 35% growth in net profit at Rs 53.77 crore on back of 16.7% rise in operational income at Rs 1,733 crore over the previous year.
The board of directors recommended a dividend @ 50% i.e. Rs 2.5 per share (on fully paid up equity share of Rs 5/- each) for the year ended 31st March, 2017.
At 11:39 am; the stock was up 17% at Rs 509 on BSE as compared to 0.23% rise in the S&P BSE Sensex. The trading volumes on the counter jump multiple-fold with a combined 1.58 million shares changed hands on the BSE and NSE so far.