 "Aegis Logistics extends rally post Q2 results")
Aegis Logistics has gained 7% to Rs 475, extending its 17% rally in past two trading sessions on NSE, after reporting a 23% year on year (yoy) growth in consolidated net profit at Rs 27 crore for the second quarter ended September 2014 (Q2). The company had a profit of Rs 22 crore in a year ago quarter.
Revenues however declined 5% to Rs 1,489 crore on yoy basis.
The company said increase in profitability is due to pickup in the sourcing and the throughput volume.
Meanwhile, the board of directors of the company has declared interim dividend of 25% i.e. Rs 2.50 per equity share of Rs 10 each for the financial year 2014-15.
The stock opened at Rs 463 and touched a hit a record high of Rs 480 on NSE. A combined 871,327 shares changed hands on the counter till 1110 hours on NSE and BSE.
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