 "BGR Energy rallies on good June quarter results")
Shares of BGR Energy Systems surged 13% to Rs 141 on the National Stock Exchange (NSE) after the company reported a 24.5% year-on-year (YoY) growth in net profit at Rs 11.44 crore for the quarter ended June 30, 2015 (Q1), on the back of strong operational income. The company had posted a profit of Rs 9.19 crore in the same quarter a year ago.
Total revenues of the company in the quarter increased by 41% Y-o-Y at Rs 894 crore, driving execution across all projects in the construction and EPC (engineering, procurement and construction) contract segment, BGR Energy said in a press release.
The company had an order book position of Rs 8,796 crore at end of the June quarter, the company added.
At 10:02 am, the stock was up 11% at Rs 138 on the NSE on the back of heavy volumes. The trading volumes on the counter jumped more than five-fold, with a combined 1.69 million shares changing hands on the NSE and BSE so far.
Total revenues of the company in the quarter increased by 41% Y-o-Y at Rs 894 crore, driving execution across all projects in the construction and EPC (engineering, procurement and construction) contract segment, BGR Energy said in a press release.
The company had an order book position of Rs 8,796 crore at end of the June quarter, the company added.
At 10:02 am, the stock was up 11% at Rs 138 on the NSE on the back of heavy volumes. The trading volumes on the counter jumped more than five-fold, with a combined 1.69 million shares changing hands on the NSE and BSE so far.