Net profit for the quarter ended December 31, 2014 surged 345% to Rs 329 crore compared with Rs 74 crore in the same quarter last year.
The company in a statement after market hours on Thursday said it has sold 5.67 crore equity shares of its investment in Max Healthcare Institute Ltd at a consideration of Rs 383.17 crore, which has results in a gain of Rs 296.21 crore.
Total income was up 42% at Rs 416 crore compared with Rs 292 crore in the quarter ended December 31, 2013.
The stock opened at Rs 470 and touched a high of Rs 485. At 1PM over 465,000 shares were traded on both the stock exchanges.