 "CCL Products surges on strong June quarter results")
Shares of CCL Products have surged 10% to Rs 214 on the NSE after the company reported a healthy 50% year-on-year (YoY) jump in its consolidated net profit at Rs 30.22 crore for the quarter ended June 30, 2015 (Q1), on the back of strong sales.
The company, engaged in tea and coffee business, had posted a profit of Rs 20.21 crore in the same quarter a year ago.
Net sales of the company during the quarter under review increased by 25% at Rs 212 crore against Rs 169 crore in the corresponding quarter of previous fiscal.
The EBITDA (earnings before interest, tax, depreciation and amortization) margin improved nearly 200 basis points to 22.15% in the June quarter against 20.5% in the year-ago quarter.
The stock opened at Rs 203 and hit a high of Rs 220 on the NSE. Till 10:04 am, a combined 2.32 million shares changed hands on the counter on the NSE and BSE.
The company, engaged in tea and coffee business, had posted a profit of Rs 20.21 crore in the same quarter a year ago.
Net sales of the company during the quarter under review increased by 25% at Rs 212 crore against Rs 169 crore in the corresponding quarter of previous fiscal.
The EBITDA (earnings before interest, tax, depreciation and amortization) margin improved nearly 200 basis points to 22.15% in the June quarter against 20.5% in the year-ago quarter.
The stock opened at Rs 203 and hit a high of Rs 220 on the NSE. Till 10:04 am, a combined 2.32 million shares changed hands on the counter on the NSE and BSE.
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