Centum Electronics is locked in upper circuit for second day in a row, up 10% at Rs 119 on BSE, after reporting consolidated net profit of Rs 10.03 crore for the quarter ended September 2013 (Q2) on back of strong revenue growth. The company had reported loss of Rs 12.14 crore in the same quarter year ago.
A combined around 7,500 shares have changed hands on the counter and there are pending buy orders for around 70,000 shares on BSE and NSE at 1200 hours.
The company’s consolidated net sales grew 78% at Rs 112 crore against Rs 63 crore during the corresponding quarter of previous fiscal.
Centum is a globally recognized electronics company with strong presence in the defense and aerospace, space, industrial, medical and telecom industry segments.
Meanwhile, the company has reported net profit of Rs 17.49 crore for the first six months (April-September) of current financial year 2013-14 compared to loss of Rs 12.78 crore in the same period last fiscal. The company had reported profit of Rs 9.28 crore for the entire financial year 2012-13.
The stock has outperformed the market by appreciating 177% so far in current fiscal compared to 10% rise in benchmark index.
A combined around 7,500 shares have changed hands on the counter and there are pending buy orders for around 70,000 shares on BSE and NSE at 1200 hours.
The company’s consolidated net sales grew 78% at Rs 112 crore against Rs 63 crore during the corresponding quarter of previous fiscal.
Centum is a globally recognized electronics company with strong presence in the defense and aerospace, space, industrial, medical and telecom industry segments.
Meanwhile, the company has reported net profit of Rs 17.49 crore for the first six months (April-September) of current financial year 2013-14 compared to loss of Rs 12.78 crore in the same period last fiscal. The company had reported profit of Rs 9.28 crore for the entire financial year 2012-13.
The stock has outperformed the market by appreciating 177% so far in current fiscal compared to 10% rise in benchmark index.
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