 "Gujarat Alkalies and Chemicals hits 52-week high post Q4 results")
Gujarat Alkalies and Chemicals has surged 15% to Rs 226 on the BSE after the company reported more than doubled EBITD (earnings before interest taxes and depreciation) at Rs 133 crore for the quarter ended March 2016 (Q4FY16) against Rs 52 crore in a year ago quarter.
Net profit during the quarter, however, grew 20% at Rs 115 crore on back of 10% rise in net sales at Rs 546 crore over the previous year quarter.
The company engaged in commodity chemicals business stated that to counter the decline in price realizations, it had initiated various cost control measures, which resulted in nearly three-fold jump in profit before tax at Rs 115 crore for the quarter.
The board of directors of the company has recommended a dividend of Rs 4.50 per equity share of Rs 10 each fully paid-up (45%) for the year ended March 31, 2016.
At 10:14 AM, the stock was up 12% at Rs 220 on the BSE. A combined 816,646 shares changed hands against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Net profit during the quarter, however, grew 20% at Rs 115 crore on back of 10% rise in net sales at Rs 546 crore over the previous year quarter.
The company engaged in commodity chemicals business stated that to counter the decline in price realizations, it had initiated various cost control measures, which resulted in nearly three-fold jump in profit before tax at Rs 115 crore for the quarter.
The board of directors of the company has recommended a dividend of Rs 4.50 per equity share of Rs 10 each fully paid-up (45%) for the year ended March 31, 2016.
At 10:14 AM, the stock was up 12% at Rs 220 on the BSE. A combined 816,646 shares changed hands against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%