Amtek India has surged 19% to Rs 80 after reporting a robust 87% year-on-year (yoy) jump in net profit at Rs 55.13 crore for the quarter ended September 2013 on back of higher operational income. The auto parts and equipments maker had a profit of Rs 29.50 crore in year ago quarter.
The company’s net sales grew 49% at Rs 558 crore on yoy basis, Amtek India said in a statement.
Meanwhile, the board of directors of Amtek India at its meeting held on November 29, 2013, has approved the recommendation of dividend to its equity shareholders @ 5% for the year 2012-13 i.e. Rs 0.10 per equity share of Rs 2 each.
The stock opened at Rs 72 and touched high of Rs 80.50 on BSE. A combined 260,570 shares have changed hands on the counter in early morning deals on BSE and NSE.
The company’s net sales grew 49% at Rs 558 crore on yoy basis, Amtek India said in a statement.
Meanwhile, the board of directors of Amtek India at its meeting held on November 29, 2013, has approved the recommendation of dividend to its equity shareholders @ 5% for the year 2012-13 i.e. Rs 0.10 per equity share of Rs 2 each.
The stock opened at Rs 72 and touched high of Rs 80.50 on BSE. A combined 260,570 shares have changed hands on the counter in early morning deals on BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%