 "Lumax Industries surges 20% on robust Q1 results")
Shares of Lumax Industries were locked at the upper circuit of 20% at Rs 407 on the BSE after the company reported more than two-fold jump in net profit at Rs 11.36 crore for the quarter ended June 30, 2015 (Q1).
The auto parts and equipment manufacturer had posted a profit of Rs 4.98 crore in the year-ago quarter.
Income from operations grew 15.6% at Rs 315 crore in the June quarter against Rs 275 crore in the corresponding quarter of previous year.
EBITDA (earnings before interest, tax, depreciation and amortization) margins expanded by over 200 basis points at 8.4% in the June quarter against 6% in the year-ago quarter.
Till 11:37 AM, a combined 36,290 shares changed hands and there were pending buy orders for 73,337 shares on the BSE and NSE.
The auto parts and equipment manufacturer had posted a profit of Rs 4.98 crore in the year-ago quarter.
Income from operations grew 15.6% at Rs 315 crore in the June quarter against Rs 275 crore in the corresponding quarter of previous year.
EBITDA (earnings before interest, tax, depreciation and amortization) margins expanded by over 200 basis points at 8.4% in the June quarter against 6% in the year-ago quarter.
Till 11:37 AM, a combined 36,290 shares changed hands and there were pending buy orders for 73,337 shares on the BSE and NSE.
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