 "Jay Bharat Maruti zooms 20% on strong Q4 results")
Jay Bharat Maruti zoomed 20% to Rs 523; also its lifetime high on BSE in intra-day trade, after the company reported a robust 72% jump in net profit at Rs 20.75 crore for the quarter ended March 2017 (Q4FY17) on back of strong operational performance. The auto ancillary company had logged profit of Rs 12.06 crore in a year ago quarter.
Revenues from operations grew 42% to Rs 550 crore from Rs 388 crore in the corresponding quarter of previous fiscal. The operating profit (EBITDA) gained 24.2% at Rs 42.1 crore. EBTIDA margin however, decline to 7.7% from 8.7% in previous year quarter.
For the financial year 2016-17 (FY17), the company reported 35% growth in net profit at Rs 53.77 crore on back of 16.7% rise in operational income at Rs 1,733 crore over the previous year.
The board of directors recommended a dividend @ 50% i.e. Rs 2.5 per share (on fully paid up equity share of Rs 5/- each) for the year ended 31st March, 2017.
At 11:39 am; the stock was up 17% at Rs 509 on BSE as compared to 0.23% rise in the S&P BSE Sensex. The trading volumes on the counter jump multiple-fold with a combined 1.58 million shares changed hands on the BSE and NSE so far.
Revenues from operations grew 42% to Rs 550 crore from Rs 388 crore in the corresponding quarter of previous fiscal. The operating profit (EBITDA) gained 24.2% at Rs 42.1 crore. EBTIDA margin however, decline to 7.7% from 8.7% in previous year quarter.
For the financial year 2016-17 (FY17), the company reported 35% growth in net profit at Rs 53.77 crore on back of 16.7% rise in operational income at Rs 1,733 crore over the previous year.
The board of directors recommended a dividend @ 50% i.e. Rs 2.5 per share (on fully paid up equity share of Rs 5/- each) for the year ended 31st March, 2017.
At 11:39 am; the stock was up 17% at Rs 509 on BSE as compared to 0.23% rise in the S&P BSE Sensex. The trading volumes on the counter jump multiple-fold with a combined 1.58 million shares changed hands on the BSE and NSE so far.
One subscription. Two world-class reads.
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%