 "Dynamatic Technologies surges on three-fold jump in Q4 profit")
Dynamatic Technologies has surged 18% to Rs 2,680 on the National Stock Exchange (NSE) after the company reported over three-fold jump in consolidated net profit at Rs 19.22 crore for the quarter ended March 2016 (Q4FY16) on the back of strong operational performance. The company had profit of Rs 5.04 crore in a year ago quarter.
Profit before tax and interest of the company’s aerospace and defence segment has been more than doubled to Rs 25 crore from Rs 11.36 crore in previous year quarter.
Total income from operations remained flat at Rs 388 crore, while total expenditure declined 5.4% at Rs 349 crore over the previous year.
At 11:49 AM, the stock was up 17% at Rs 2,636 on the NSE compared to a marginal 0.18% gain in the Nifty 50 index. A combined 38,201 shares changed hands on the counter on the BSE and NSE so far.
Profit before tax and interest of the company’s aerospace and defence segment has been more than doubled to Rs 25 crore from Rs 11.36 crore in previous year quarter.
Total income from operations remained flat at Rs 388 crore, while total expenditure declined 5.4% at Rs 349 crore over the previous year.
At 11:49 AM, the stock was up 17% at Rs 2,636 on the NSE compared to a marginal 0.18% gain in the Nifty 50 index. A combined 38,201 shares changed hands on the counter on the BSE and NSE so far.
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