Igarashi Motors India has rallied 12% to Rs 92.75 after reporting a robust 123% year-on-year (yoy) jump in net profit at Rs12.57 crore for the third quarter ended December 31, 2013 (Q3), on back of strong operational revenue. The company had profit of Rs 5.63 crore in the same quarter last fiscal.
Net sales of the company rose by 35% yoy to Rs 93 crore during the third quarter, compared to Rs 69 crore during the same period of previous fiscal, Igarashi Motors said in a statement.
EBITDA or operating profit margin improved by nearly 200 basis points to 19.85% from 18.24%.
Meanwhile, auto parts and equipment maker has posted net profit of Rs 36.20 for the first nine months (April-December) of current financial year 2013-14, compared to Rs 16.38 crore in the same period previous fiscal. The company had profit of Rs 21.35 crore in entire financial year 2012-13.
The stock opened at Rs 90 and touched a 52-week high of Rs 94.40 on the NSE. Till 1100 hours, a combined 235,537 shares changed hands on the counter on the BSE and NSE.
Net sales of the company rose by 35% yoy to Rs 93 crore during the third quarter, compared to Rs 69 crore during the same period of previous fiscal, Igarashi Motors said in a statement.
EBITDA or operating profit margin improved by nearly 200 basis points to 19.85% from 18.24%.
Meanwhile, auto parts and equipment maker has posted net profit of Rs 36.20 for the first nine months (April-December) of current financial year 2013-14, compared to Rs 16.38 crore in the same period previous fiscal. The company had profit of Rs 21.35 crore in entire financial year 2012-13.
The stock opened at Rs 90 and touched a 52-week high of Rs 94.40 on the NSE. Till 1100 hours, a combined 235,537 shares changed hands on the counter 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%