 "Dalmia Bharat surges on robust Q1 results")
Shares of Dalmia Bharat have surged 14% to Rs 725, also its record high on the BSE in early morning trade, after the company reported consolidated net profit of Rs 42 crore for the quarter ended June 2015 (Q1), supported by an increase in sales volume and realization.
The cement maker had reported loss of Rs 27 crore in the year ago quarter.
Total income from operations during quarter under review has been more-than-double to Rs 1,613 crore from Rs 704 crore for the corresponding quarter of previous year.
EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved to 25%, against 9% in the corresponding quarter last year.
The increase in operating profit has been on account of better brand positioning and reduced costs, Dalmia Bharat said in a press release.
On outlook, the company said it is committed to further optimize the costs coupled with continuing focus on improving brand recall.
At 09:41 AM, the stock was up 9% at Rs 693 with a combined 133,790 shares changed hands on the counter on the BSE and NSE.
The cement maker had reported loss of Rs 27 crore in the year ago quarter.
Total income from operations during quarter under review has been more-than-double to Rs 1,613 crore from Rs 704 crore for the corresponding quarter of previous year.
EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved to 25%, against 9% in the corresponding quarter last year.
The increase in operating profit has been on account of better brand positioning and reduced costs, Dalmia Bharat said in a press release.
On outlook, the company said it is committed to further optimize the costs coupled with continuing focus on improving brand recall.
At 09:41 AM, the stock was up 9% at Rs 693 with a combined 133,790 shares changed hands on the counter on the BSE and NSE.
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