 "Century Enka rallies over 10% on healthy Q1 results")
Shares of Century Enka has moved higher by 13% to Rs 194 on the BSE after reporting a healthy 57% year-on-year (YoY) jump in net profit at Rs 13.63 crore for the quarter ended June 30, 2015 (Q1), due to lower raw material cost.
The company engaged in textiles business had profit of Rs 8.66 crore in the year-ago quarter.
Income from operations however remain flat at Rs 303 crore in the June quarter against Rs 305 crore in the corresponding quarter of previous year. The raw material cost declined by 20% at Rs 159 crore on YoY basis.
EBITDA (earnings before interest, tax, depreciation and amortization) margins improved to 13.19% in June quarter against 10.5% in previous year quarter.
The stock hit high of Rs 201 and has seen a combined 1.41 million shares changed hands on the counter on the BSE and NSE.
The company engaged in textiles business had profit of Rs 8.66 crore in the year-ago quarter.
Income from operations however remain flat at Rs 303 crore in the June quarter against Rs 305 crore in the corresponding quarter of previous year. The raw material cost declined by 20% at Rs 159 crore on YoY basis.
EBITDA (earnings before interest, tax, depreciation and amortization) margins improved to 13.19% in June quarter against 10.5% in previous year quarter.
The stock hit high of Rs 201 and has seen a combined 1.41 million shares changed hands on the counter on the BSE and NSE.
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