Astral Poly Technik surges on robust Q4 profit
The board has also approved sub-division of the face value of Rs 5 each to Rs 2 each.
Astral Poly Technik has surged 8% to Rs 472 after reporting 52% year-on-year (yoy) jump in net profit at Rs 29 crore for the quarter ended March 31, 2013 (Q4) on back of strong sales income and lower foreign exchange loss. The company had profit of Rs 19 crore in a year ago quarter.
Net sales grew 43% at Rs 261 crore on yoy basis. During the quarter, the company has recorded foreign exchange loss of Rs 3.51 crore against Rs 8.21 crore in the corresponding quarter of previous fiscal.
Meanwhile, the board has approved sub-division of the face value of Rs 5 each to Rs 2 each.
The stock opened at Rs 448 and hit a record high of Rs 475 on NSE. A combined 37,251 shares changed hands on the counter till 1035 hours on NSE and BSE.
Net sales grew 43% at Rs 261 crore on yoy basis. During the quarter, the company has recorded foreign exchange loss of Rs 3.51 crore against Rs 8.21 crore in the corresponding quarter of previous fiscal.
Meanwhile, the board has approved sub-division of the face value of Rs 5 each to Rs 2 each.
The stock opened at Rs 448 and hit a record high of Rs 475 on NSE. A combined 37,251 shares changed hands on the counter till 1035 hours on NSE and BSE.