 "Manugraph India up 10% for third day on robust Q2 results")
Manugraph India has locked in upper circuit for third straight day, up 10% at Rs 51.60, also its fresh 52-week high on the BSE, after the company posted nearly five-fold jump in net profit for the quarter ended September 2015 (Q2FY16).
The small-sized company engaged in industrial machinery business has reported net profit of Rs 9.31 crore for Q2FY16 against profit of Rs 1.98 crore in the year ago quarter. Net sales of the company increased 40% at Rs 87.55 crore on year on year basis.
The operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit jumped from Rs 2.36 crore to Rs 10.92 crore during the recently concluded quarter.
Post Q2 results, the stock zoomed 45% in past three trading sessions from Rs 35.60 on October 26, as compared to 1.4% fall in the Sensex.
Till 10:29 am, a combined 681,803 shares changed hands and there were pending buy orders for 147,871 shares on the BSE and NSE.
The small-sized company engaged in industrial machinery business has reported net profit of Rs 9.31 crore for Q2FY16 against profit of Rs 1.98 crore in the year ago quarter. Net sales of the company increased 40% at Rs 87.55 crore on year on year basis.
The operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit jumped from Rs 2.36 crore to Rs 10.92 crore during the recently concluded quarter.
Post Q2 results, the stock zoomed 45% in past three trading sessions from Rs 35.60 on October 26, as compared to 1.4% fall in the Sensex.
Till 10:29 am, a combined 681,803 shares changed hands and there were pending buy orders for 147,871 shares 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%