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During the quarter under review, the company’s turnover grew 55 per cent at Rs 7.26 billion against Rs 4.69 billion in the corresponding quarter of previous fiscal.
The earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved from 19 per cent in Q2FY18 to 21 per cent in Q3FY18.
The company is expecting a further improvement in the margin to around 25 per cent in Q4FY18 (January-March). The company’s capacity utilisation in Q4FY18 is expected to near 100 per cent which will help it to achieve higher sales volume and turnover.
Owing to above factors and favourable market outlook, the sales volume and turnover are likely to witness growth of around 35 per cent and 60 per cent respectively in Q4FY18, year on year, it added.
At 01:25 PM; the stock was up 7 per cent at Rs 218 against 0.52 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 12.39 million shares changed hands on BSE and NSE so far.