 "Hawkins Cookers surges on strong Q1 results")
Shares of Hawkins Cookers surged 13% to Rs 3,050, also hits 52-week high on the BSE in an otherwise range-bound market after the company reported a strong 95% year-on-year (YoY) increase in net profit at Rs 9.86 crore for the quarter ended June 30, 2016 (Q1FY17), on back of healthy operational performance.
The company engaged in manufacture, trading and sale of kitchenware had profit of Rs 5.06 crore in the same quarter year ago. It had profit of Rs 127 crore in March 2016 quarter.
Total income from operations grew 8% at Rs 104 crore during the quarter against Rs 96 crore in the corresponding quarter of previous year.
EBIDTA (earnings before interest, taxes, depreciation and amortization) margins expanded to 14.64% in Q1FY17 from 8.58% in previous year quarter.
At 02:00 pm, the stock was up 7% at Rs 2,900 on the BSE, as compared to 0.07% fall in the S&P BSE Sensex. The trading volumes on the counter jumped multiple-fold with 18,000 shares changed hands so far against an average 1,261 shares that were traded daily in past two weeks on the BSE.
The company engaged in manufacture, trading and sale of kitchenware had profit of Rs 5.06 crore in the same quarter year ago. It had profit of Rs 127 crore in March 2016 quarter.
Total income from operations grew 8% at Rs 104 crore during the quarter against Rs 96 crore in the corresponding quarter of previous year.
EBIDTA (earnings before interest, taxes, depreciation and amortization) margins expanded to 14.64% in Q1FY17 from 8.58% in previous year quarter.
At 02:00 pm, the stock was up 7% at Rs 2,900 on the BSE, as compared to 0.07% fall in the S&P BSE Sensex. The trading volumes on the counter jumped multiple-fold with 18,000 shares changed hands so far against an average 1,261 shares that were traded daily in past two weeks on the BSE.
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