National Fertilisers soars on doubling Q4 net
EBITDA margins improved from 3.31% to 6.21% in Q4 FY12
National Fertilisers has soared over 7% at Rs 82 on reporting more than double net profit at Rs 56.87 crore for the quarter ended March 2012, against Rs 26.72 crore in year ago quarter. Net sales grew 30% at Rs 2,086 crore on year-on-year basis.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margins improved substantially from 3.31% to 6.21% during the recently concluded quarter.
The stock opened at Rs 77 and touched a high of Rs 82.45 after announcement of Q4 results.
As many as a combined 1.03 million shares have already changed hands on the counter so far, against an average sub 0.50 million shares that were traded daily in past two weeks on the NSE and BSE.