 "Astra Microwave surges as Q2 profit doubles")
Astra Microwave Products has surged 8% to Rs 129 on BSE after reporting a more-than-double net profit at Rs 23.40 crore for the quarter ended September 2014 (Q2), on back of strong operational income. The company engaged in defence business had profit of Rs 11.60 crore in the same quarter last fiscal.
Net sales of the company jumped 65% to Rs 190 crore in the quarter against Rs 115 crore in the corresponding quarter of previous year.
EBITDA or operating profit margin improved to 20.6% from 14.2%.
The stock opened at Rs 120 and hit a high of Rs 132 on BSE. The counter have seen huge trading volumes with a combined 5.43 million shares changed hands till 1230 hours, against an average sub one million shares that were traded daily in past two weeks on BSE and NSE.
Net sales of the company jumped 65% to Rs 190 crore in the quarter against Rs 115 crore in the corresponding quarter of previous year.
EBITDA or operating profit margin improved to 20.6% from 14.2%.
The stock opened at Rs 120 and hit a high of Rs 132 on BSE. The counter have seen huge trading volumes with a combined 5.43 million shares changed hands till 1230 hours, against an average sub one million shares that were traded daily in past two weeks 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%