 "Bajaj Corp hits record high on strong Q3 results")
Bajaj Corp has rallied 6% to Rs 437, also its record high on BSE in early morning trade, after reported a strong 44% year-on-year increase in standalone net profit at Rs 41.84 crore for the third quarter ended December 31, 2014 (Q3FY15).
The fast moving consumer goods company had reported net profit of Rs 29.10 crore in the October-December quarter of 2013-14 fiscal.
The company’s net sales in third quarter of 2014-15 stood at Rs 205 crore, up 30% as against Rs 158 crore in the year-ago period, the company said in a BSE filing.
EBITDA or operating profit margin expanded by over 200bps to 29.24% in Q3FY15 from 27.04% in the corresponding quarter of previous fiscal.
A combined around 200,000 shares changed hands on the counter on NSE and BSE till 0920 hours.
The fast moving consumer goods company had reported net profit of Rs 29.10 crore in the October-December quarter of 2013-14 fiscal.
The company’s net sales in third quarter of 2014-15 stood at Rs 205 crore, up 30% as against Rs 158 crore in the year-ago period, the company said in a BSE filing.
EBITDA or operating profit margin expanded by over 200bps to 29.24% in Q3FY15 from 27.04% in the corresponding quarter of previous fiscal.
A combined around 200,000 shares changed hands on the counter on NSE and BSE till 0920 hours.
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